Rupert Murdoch gives up his bonus

The chief executive, Robert Thompson, said there was a fresh wave of cost-cutting ahead for the group, including a “strategic review of our Australian newspaper holdings” that could signal further job losses at the company’s smaller mastheads. “Clearly the pandemic will have an impact on our results in the fourth quarter, but all of our businesses are embarking on cost-cutting programs intended to deal with short-term need but also to ensure that the company is well-equipped to prosper in a decidedly different business environment after the crisis abates.” Gallery: How the world bounced back from the last global pandemic (Lovemoney) News Corp last month suspended printing 60 regional Australian titles after real estate, event and restaurant ads dried up. In March the chief executive of News Corp Australasia, Michael Miller, warned staff it was “clear that some job losses will be inevitable” due to the crisis.