Multinational publisher News Corp has today announced a far-reaching restructuring plan that could see as many as 100 staff shed from its Australian operations as it tries to save $65 million (US$43 million) in operating costs.
The business will now comprise three units: free mastheads, subscription-based tabloid newspapers, and what it’s calling “prestige titles”: The Australian newspaper, Vogue magazine, The Weekend Australian Magazine, and other Condé Nast titles.
