Dozens of newspapers publication in Australia shut

Rupert Murdoch's News Corp has decided to end publication of dozens of newspapers in Australia, and print edition of over 100 other regional and community publications as part of a major restructuring amid Covid-19 pandemic. News Corp, which owns popular tabloids like The Daily Telegraph and The Herald Sun, said on Wednesday the move "will mean some job roles will change and, regretfully, will lead to job losses." The publisher, however, didn't disclose how many people will lose job. "Covid-19 has impacted News Corp shuts dozens of newspapers in Australia," News Corp Australia Executive Chairman Michael Miller said in a statement. Miller said print advertising contributed maximum to the company's revenue, but in the wake of the Covid-19 pandemic revenue from this channel had significantly dried up. "Despite the audiences of News Corp's digital mastheads growing more than 60 per cent as Australians turned to trusted media sources during the peak of Covid-19 lockdowns, print advertising spending that contributes the majority of our revenues has accelerated its decline," he said. (IANS)