The Latest Breaking News from News Corp

Liberal senator gets TV guide wrong and confuses program about sexuality as a children’s show. Plus: the Murdochs and Ita Buttrose unite for a cause

News Corporation is cutting its staff by 5% globally, including in Australia, after its news media division recorded a second-quarter earnings decline of 47%. The decision inevitably reopens questions about the future of the company’s newspapers, particularly once Rupert Murdoch is gone.

Rupert Murdoch has abandoned his bid to reunite the two halves of his media empire.

Rupert Murdoch has pulled the plug on a proposal to merge his News Corp. and Fox Corp. In statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan

Economists say the RBA will likely continue to hike rates in the short term despite inflation reaching peak

Rupert and Lachlan Murdoch have abandoned plans for a merger between News Corp and Fox.

Murdoch indicated that the combination was "not optimal at this time," according to a press release from News Corp.

A day after laying off staff, News Corp. demanded workers return to the office. In-office attendance is “an absolute imperative,” the CEO said.

The latest missives from high-profile CEOs could point to a major new development in the return-to-office wars.