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News Ltd Declines To Comment On Editorial Job Cut Report

MELBOURNE -(Dow Jones)- News Ltd., the Australian unit of News Corp. (NWS), declined to comment Monday on a report that it is set to cut hundreds of jobs. Earlier Monday, The Age newspaper, owned by rival Fairfax Media Ltd. (FXJ.AU), reported that News Ltd. was set to cut up to 400 editorial positions. "It is not News Ltd.'s practice to discuss internal organisational matters and general operational initiatives in public and so we will not be providing a running commentary," a News Ltd. spokesman said in a statement. News Ltd., which publishes a host of newspapers in Australia including The Australian and The Daily Telegraph, is undergoing a "substantial transformation aimed at improving our business and the quality of our products," he said. "As we work through internal initiatives we will always work with our staff to ensure that changes are made with care and with a view to minimal disruption as we transform the company and make it stronger in delivering great products to consumers and advertisers," the spokesman said. News Corp. owns The Wall Street Journal and Dow Jones Newswires. -By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com

Stock News for News (NWSA)
DateTimeHeadline
02/10/201616:35:00News Corp Declares Semi-Annual Dividend
02/10/201616:02:01Amended Statement of Ownership (sc 13g/a)
02/09/201609:00:00Realtor.com® Unveils 'House Talk'(SM) as a New Resource for...
02/09/201606:38:28Current Report Filing (8-k)
02/08/201617:00:00Fox Revenue Falls 8.4%
02/08/201607:13:43Current Report Filing (8-k)
02/05/201609:00:00Realtor.com® Achieves Monthly Users Milestone On Heels Of Record...
02/05/201606:40:35Current Report Filing (8-k)
02/04/201622:10:00Tyson Foods Tops List on Pay for Jet Travel
02/04/201617:20:00News Corp Reports Profit Decline
02/04/201616:05:00News Corporation Reports Second Quarter Results for Fiscal 2016
02/04/201613:27:00Realtor.com® Predicts a Broncos Win in the Super Bowl and a...
02/04/201607:09:56Current Report Filing (8-k)
02/03/201606:33:25Current Report Filing (8-k)
02/02/201612:10:19Amended Statement of Ownership (sc 13g/a)
02/01/201615:50:00Fox, Offering Buyouts, Targets $250 Million in Cost Cuts
01/31/201619:40:00Time Warner Talks With Hulu Zero in on Current Seasons
01/28/201609:00:00Move, Inc. Signs with zipLogix™ for Paperless Forms
01/27/201612:27:33Amended Statement of Ownership (sc 13g/a)
01/27/201611:30:00Meredith Corp. Left at the Altar Again

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