In the memo, the CEO shared more detail on his approach to generative AI, which he considers a major risk to journalism — even as the company strikes deals with AI firms.
News Corp
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The discussions underscore the urgency within News Corp to secure payments from tech firms - but also shines fresh light on TikTok’s news strategy.
The deals publishers struck with Meta in 2021 are a focus of the government's social media inquiry after the tech giant announced it would not willingly renew them.
Staff will next week vote on whether or not to greenlight a one-year extension to their current enterprise bargaining agreement, which would see staff receive a 3.5% pay increase in the throes of a major restructure.
Sweeping changes to the company were announced to staff in an email from executive chairman Michael Miller on Wednesday, including the high-profile departure of news.com.au editor-in-chief, Lisa Muxworthy.
A crop of News Corp’s most influential global powerbrokers have been in Sydney this week for a round of annual budget meetings, as the company's Australian staff brace for job cuts.
A string of documents obtained by Capital Brief provide the most detailed account yet of what the government has called on the ACCC to provide and how, as it considers its next steps in Australia's standoff with Meta.
Shares in the TV, publishing and digital media company are down 27.5% this year and trading near their lowest levels since the pandemic in mid-2020.
Leadership at News Corp Australia is currently discussing a sweeping restructure in response to a tough ad market and Meta's retreat from news deals.
The comments come as Meta threatens to walk away from Australian deals struck under the News Media Bargaining Code worth more than $70 million a year.
Informal talks have taken place between commercial media giants and public broadcasters about an alliance to collectively bargain with AI firms for compensation.
Senior Australian executives are trying to figure out whether the shift from Rupert to Lachlan will suit their aspirations, or leave them on the outer edges of a new inner circle.
A fight over smart TV apps has become the highest stakes regulatory battle in Australian media and has split the local TV industry into two staunchly opposed camps.
The last remaining executive in Meta's Australian news partnerships team is moving to a new role.
Smaller publishers have joined the effort to secure compensation for use of their content in generative AI platforms, but have split with media giants over the way it should work.
The government’s “prominence framework” was a 2022 election promise that pledged to legislate reform ensuring local TV services can be easily found on smart TVs.
The ABC is eager to re-establish an on-the-ground reporting presence in China after the PM's historic visit signalled a soothing of tensions with the country. But its commercial media peers Nine and News Corp are treading more carefully.
Media analysts have been closely watching for signs of weakness in Australia's streaming video market. New survey data won't fill them with hope.
Lachlan Murdoch's ascension has sparked a round of speculation about strategic shifts and leadership moves at Holt St. But anyone expecting short-term changes might be disappointed.
The Murdoch line of succession is now clear, but history shows us that the battles within family empires continue long after the first generation departs.
