News Corp Australia forges ahead with major restructure as discussions with Antony Catalano cease
News Corp Australia has opted for a major restructure of its senior team in the place of a potential deal with Australian Community Media (ACM) boss Antony Catalano for the publisher’s regional news titles.
In an email sent to staff, CEO Michael Miller said the conversations with “the most logical acquirer” of the regional and community titles “have not resulted in a transaction”. It isn’t clear what the sticking point was for the deal, but sources say the titles included in the sale could not be agreed upon.
Miller says the conversations with Catalano failed to result in a deal
Normally this would get heaps of comments…. Mumbrella you are really losing engagement with your comment moderation.
The company is bleeding and the exec decide to give themselves promotions and pay rises.. great job!
Couldn’t agree more. Is there anyone new in that story – or the same old, with elevated titles?
Most sales people at News have lost their jobs, or taken a pay cut via working less and rumour has it some are actually working while they are not being paid at all simply to keep their jobs.
Is it really the time to promote a bunch of people who were already on a good wicket?
Tone. Deaf.
There are few comments because sadly many of those who may have had an interest or made a comment have either been stood down or made redundant in the last 6 weeks……
Deckchairs. Titanic.
Interesting term to “expand his remit”. Not sure what it actually means.
Very common term, pretty clear. Sorry bud.
No mention of King Damien.
Hi there,
To clarify in case you are referring to Damian Eales, he has not been made redundant. He had a brief mention in the press release, which didn’t make it into this story.
He appeared in the section about Jason Scott:
Jason Scott will add to his role of Managing Director, Queensland and NT, the Chairmanship of a new Publishing Board representing the state and national commercial publishing operations reporting to Damian Eales. The board will comprise Ish Davies, Managing Director, South Australia; Peter Zavecz, Managing Director, Victoria and Tasmania; and Nicholas Gray, Managing Director, The Australian, NSW and Prestige Titles.
We did ask about redundancies related to this latest restructure, and were told this particular restructure did not result in job losses. There have though been other job cuts and losses across the company, as we reported here:
https://staging.mumbrella.com.au/news-corp-suspends-60-community-print-titles-623279
And here:
https://staging.mumbrella.com.au/news-corp-looks-to-shorter-work-weeks-and-significant-pay-cuts-to-reduce-cost-base-622597
Apologies we weren’t clear in the story about Damian Eales, and I hope this clarifies.
Thanks,
Vivienne – Mumbrella