News Ltd in major shake-up

Just two days after a dramatic restructure at rival Fairfax media, Rupert Murdoch's News Limited has announced a major restructure of its own.

Just two days after a dramatic restructure at rival Fairfax media, Rupert Murdoch's News Limited has announced a major restructure of its own.

It will involve a merging of print and digial businesses, with an unspecified number of job losses.
 
News Limited moved to take a dominant role in Australia's pay tv industry, with a near $2 billion takeover bid for James Packer's Consolidated Media Holdings.
 
It would give News Limited 50 percent control of the country's biggest pay TV operator Foxtel - and full ownership of Fox Sports.