Sixty Australian newspapers to stop printing

Sixty Australian newspapers to stop printing

Falling readerships and the rise of Google and Facebook as dominant players in advertising has made news organisations less profitable.
Falling readerships and the rise of Google and Facebook as dominant players in advertising has made news organisations less profitable.

SYDNEY: Rupert Murdoch's Australian flagship media group News Corp announced on Wednesday it will stop printing around 60 regional newspapers, as the troubled sector received a fresh blow from a Covid-19 advertising downturn.

News Corp said papers in the states of New South Wales, Victoria, Queensland and South Australia would cease printing and move online.

"We have not taken this decision lightly," News Corp Australasia Executive Chairman Michael Miller was quoted as saying by the group's Australian newspaper title.

"The coronavirus crisis has created unprecedented economic pressures and we are doing everything we can to preserve as many jobs as possible."

"The suspension of our community print editions has been forced on us by the rapid decline in advertising revenues following the restrictions placed on real estate auctions and home inspections, the forced closure of event venues and dine-in restaurants in the wake of the coronavirus emergency, " he added.

Many Australian media groups had already been shifting to focus to online content before the pandemic began.

The announcement follows a series of media closure announcements, including national wire AAP, which is due to cease work later this year.

The move has echoed a global trend.

The largest US newspaper publisher, Gannett, said on Monday it was making unspecified furloughs and pay cuts for its staff.

Falling readerships and the rise of Google and Facebook as dominant players in advertising has made news organisations less profitable.


Do you like the content of this article?
COMMENT (16)

Myanmar junta blames internet blackouts on anti-coup fighters

Myanmar's junta has denied suspending the internet in conflict-wracked regions, blaming a recent spate of data blackouts on anti-coup protesters who had destroyed military-owned communications towers.

19:42

Patients evacuated after floods ravage Chaiyaphum hospital

Rescuers worked feverishly to evacuate forty patients as Bamnet Narong Hospital in Chaiyaphum was flooded on Sunday morning, seriously damaging the facility.

18:09

China's Xi warns of 'grim' Taiwan situation in letter to opposition

TAIPEI: The situation in the Taiwan Strait is "complex and grim", Chinese President Xi Jinping wrote in a congratulatory letter on Sunday to the newly elected leader of Taiwan's main opposition party, who has pledged to renew talks with Beijing.

17:07