News Corp Australia will cut up to 200 people from its ranks as part of a global cost-cutting drive while shifting its strategy from focusing on increasing subscribers to reducing churn amid tightening consumer spending.
For years, News’ Australian executive chairman, Michael Miller, has spoken about a “pay and stay” approach for the company’s media assets, where readers sign up and remain subscribers for the long haul.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.