News Corp has tapped PwC Australia to help with its biggest restructure of the last decade as it seeks to deal with Meta ripping tens of millions of dollars out of the Australian news market.
to offset the weak advertising market and deal with no new revenue from Meta, and a flat – or lower – contribution from a renewal with Google.were caught unaware by the news, and management had not offered explanation on Monday. Sources, who did not have authority to speak publicly, said no final decisions had been made.
Google has signalled it will likely sign new deals, although it is expected they will not be for more money. Under the proposal being explored, News Corp Australia would be restructured into three divisions with separate balance sheets. The first would be News Corp’s free content, such as news.com.
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