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News Corp Australia posts $60.7m loss as pandemic takes toll on media
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News Corp Australia has posted a $60.7m loss as the pandemic exacerbates ongoing upheaval throughout the media industry.
The company blamed a $167m hit to advertising revenues on regional and community closures or digital transitions.
More than 220 Australian newsrooms have shrunk or vanished since the start of the pandemic, while 111 have opened or expanded.
The Public Interest Journalism Initiative (PIJI) collates public data for its Australian Newsroom Mapping Project. According to that data,
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