News Corp to stop printing more than 100 Australian papersThe decision by Rupert Murdoch's News Corp will cost hundreds of people their jobs. SYDNEY: Rupert Murdoch's Australian flagship media group News Corp announced on Thursday it will stop printing more than 100 regional and local newspapers, blaming a collapse in advertising made worse by the coronavirus pandemic. The decision comes after News Corp announced on 1 April it was temporarily halting printing of around 60 community newspapers and is expected to cost hundreds of jobs. The move echoes a global trend in the troubled media industry, as falling readerships and the continued rise of Google and Facebook eats into media advertising revenues. The Sydney Morning Herald reported that there were previously about 1,200 people employed in News Corp's Australian regional and community division.

Source: Bangkok Post May 28, 2020 01:41 UTC