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The Latest Breaking News from News Corp

News Corp tabloid the Advertiser appears to be boycotting Adelaide Fringe festival after ad deal breaks down

Opening weekend of Australia’s biggest arts festival largely ignored by hometown paper which says it’s covering event on its merits

The Guardian - AU

Child’s play: Alex Antic’s moral crusade against the ABC caught out by the clock

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

The Guardian - AU

Seeing red over $1.5m in Liberal pork

Just before last year’s election, the Morrison government handed out an unvetted $1.56m to Labor seats it hoped to swing, and 800,000 Australians are hurtling towards a $16,500 home loan ‘repayment cliff’.

Crikey

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News Corp's job cuts cast a shadow over the future of its newspapers

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.

The Conversation

News Corp’s profit dip and dwindling subscriptions reveal trouble in Australia

The dip in subscription numbers for News Corp’s mastheads and pay-TV ventures indicate not only the company’s financial future but its political and cultural sway.

Crikey

News Corp cuts driven by Murdoch’s mission to prop up news assets

Weeks after Fox merger scrapped, investors say market value languishing because of underperforming businesses in portfolio

The Guardian - UK

Afternoon Update: Australian feared dead in quake found alive; no comeback for Frydenberg; and how to meditate without meditating

One man missing in Turkey has been found safe while two remain unaccounted for after Sydney man Can Pahali was confirmed to have died

The Guardian - AU

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News Corp job cuts: Rupert Murdoch’s Australian newspapers to axe one in 20 staff

Announcement comes after Rupert Murdoch’s global company posted 47% decline in quarterly earnings in news media

The Guardian - AU

News Corp to slash hundreds of jobs as earnings crash

News Corp will cut 1250 jobs in response to a big slump in second-quarter earnings as interest rates and inflation bite.

AAP

Media outlets missing in action on damning political donations data

The AEC’s tranche of political donations information was largely shrugged off by the mainstream media outlets, despite significant revelations.

Crikey

Tudge’s office used News Corp to ‘shut down’ robodebt media crisis, royal commission hears

The media strategy saw Alan Tudge’s media adviser plant stories with sympathetic ‘right-wing’ outlets and release personal details of victims.

Crikey

Nelson Mandela’s granddaughter and other people News Corp may have misquoted

Ndileka Mandela has called out News Corp for misquoting her. It’s not the first time it’s twisted words of the well-known.

Crikey

The Voice is going fine. It’s the media that’s the problem

The brouhaha by journalists over the Voice to Parliament reflects the media’s craving for conflict. It’s not called the silly season for nothing.

Crikey

Rupert Murdoch abandons News Corp.-Fox merger after investors push back

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

Los Angeles Times

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The Independent UK

Murdoch pulls plug on possible merger of News Corp., Fox

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

The Street

Stocks Move Lower, Microsoft, Tesla, Boeing, Fox In Focus - Five Things To Know

Stock futures lower as U.S. earnings underwhelm; Microsoft slumps as cloud outlook offsets Q2 earnings beat; Tesla earnings on deck with price cuts, margins in focus; Boeing set to return to profit as orders build, China re-opens and Rupert Murdoch pulls plug on Fox-news Corp merger.

The Guardian - AU

Afternoon Update: Inflation may have peaked at 7.8%; new PM in NZ; and South Australians eating endangered flake

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

Crikey

‘Not optimal’: Rupert Murdoch halts plans for Fox-News Corp merger

The media mogul has spiked the planned recombination of the two arms of the Murdoch empire, citing shareholder concerns.

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inkl

Rupert scraps Fox-News merger

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

Fortune

Rupert Murdoch's Fox and News Corp. merger falls apart

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

Fortune

Wall Street Journal parent News Corp demands return to office

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

Fortune

The walls are closing in on corporate employees as major CEOs at Disney and Starbucks demand that workers start returning to the office

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

Crikey

News Corp’s youth media title, The Oz, gets the axe after nine months

The site, a passion project of Christopher Dore, the recently departed former editor-in-chief of The Australian, was dumped by his replacement.

Financial Times

The Murdoch family trust: how the scions could battle for control

The proposed Fox-News Corp merger could portend a realignment of the interests of Rupert Murdoch’s children

ABC News

Australian Open boss Craig Tiley slams calls to move tournament date

Australian Open tournament director Craig Tiley dismisses suggestions the event should be moved to a date later in the year, but concedes the international tennis season is too long.

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