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News Corp drafts in PwC as it deals with Meta cash hole

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.

On Monday, The Australian Financial Review revealed News Corp Australia was planning about $15 million in cuts 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.

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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.

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    Original URL: https://www.afr.com/companies/media-and-marketing/news-corp-drafts-in-pwc-as-it-deals-with-meta-cash-hole-20240415-p5fjxj