Sydney — The birthplace of Rupert Murdoch’s media empire, News Corp’s Australian business, is shaping up as a trouble spot for the global firm, after a $1bn writedown and a move to stop printing more than 100 regional newspapers.
It’s an emotional challenge, given 89-year-old Murdoch’s ties to his native country where he turned a single newspaper inherited from his father in 1952 into one of the world’s most influential companies...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.