News Ltd Declines To Comment On Editorial Job Cut Report
28 5월 2012 - 10:25AM
Dow Jones News
News Ltd., the Australian unit of News Corp. (NWS), declined to
comment Monday on a report that it is set to cut hundreds of
jobs.
Earlier Monday, The Age newspaper, owned by rival Fairfax Media
Ltd. (FXJ.AU), reported that News Ltd. was set to cut up to 400
editorial positions.
"It is not News Ltd.'s practice to discuss internal
organisational matters and general operational initiatives in
public and so we will not be providing a running commentary," a
News Ltd. spokesman said in a statement.
News Ltd., which publishes a host of newspapers in Australia
including The Australian and The Daily Telegraph, is undergoing a
"substantial transformation aimed at improving our business and the
quality of our products," he said.
"As we work through internal initiatives we will always work
with our staff to ensure that changes are made with care and with a
view to minimal disruption as we transform the company and make it
stronger in delivering great products to consumers and
advertisers," the spokesman said.
News Corp. owns The Wall Street Journal and Dow Jones
Newswires.
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com
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