What’s next for newspapers? October 20, 2021 October 20, 2021 admin

More than 1,000 jobs are to be cut from Australian newspapers and magazines in the coming years, following a number of high-profile redundancies.

The ABC, News Corp, NewsCorp Australia and The Australian Financial Review have all announced the cuts over the past 12 months, with the latest announcement on Friday the Herald Sun announced it was also to close.

The cuts come amid a wider focus on local content in the media market.

News Corp has announced it will be closing four regional newspapers in the next two years.

Meanwhile, the Australian Competition and Consumer Commission has been criticised for not taking action earlier on a number or national media outlets that allegedly misled customers by failing to inform them of their right to cancel their subscription.

The ACCC said it had received more than 500 complaints about the ABC and The Herald Sun and was investigating their operations.

Topics:business-economics-and-finance,australia