Hong Kong (CNN Business) Rupert Murdoch's News Corp (NWS) is shutting down dozens of local newspapers in Australia and ending print production for most of its smaller publications as part of a major shakeup of its business in the country. "Covid-19 has impacted the sustainability of community and regional publishing," Michael Miller, executive chairman of News Corp Australasia, said in a statement Thursday. News Corp said that "some job roles will change" and that the announcement "regretfully, will lead to job losses," though it did not elaborate on how many jobs could be affected. A spokesperson for News Corp Australia did not immediately respond to a request for comment for more information. Miller said that while the company's digital publications have recently seen audience growth of more than 60% during the pandemic, News Corp Australia still mostly relies on print advertising for its income, making the situation "unsustainable."

Source: CNN May 28, 2020 07:07 UTC