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News Ltd to shed jobs as it extends grip on pay-TV, online sites

Started by Mechanic, June 21, 2012, 12:56:22 AM

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Mechanic

June 21, 2012, 12:56:22 AM
News Ltd to shed jobs as it extends grip on pay-TV, online sites

Murdoch is forging ahead in Australia if not in England

QuoteRupert Murdoch's News Corporation strengthened its hold on the Australian media landscape yesterday with the announcement of plans to double its stake in pay TV giant Foxtel.

News Ltd unveiled a long-awaited restructure which will lead to substantial job cuts but will also further diversify the business, both expanding its grip on pay TV and into online with the purchase of specialist business websites.
Read more:
http://www.canberratimes.com.au/national/news-ltd-to-shed-jobs-as-it-extends-grip-on-paytv-online-sites-20120620-20oto.html

George Finn (Mechanic)
Gold Coast
Queensland
AUSTRALIA
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