How to solve the eastridge job crisis
News Corp’s decision to sell off parts of the company’s media and entertainment business means that the Eastridge workforce solution may now be at risk.
The company is set to be sold off as part of a plan to merge its media and digital businesses.
News Corp’s shares have dropped more than 50% since the deal was announced on Friday.
A deal could see News Corp sell off some of its media assets including Eastridge, News Ltd’s newspapers and its digital properties including the BBC.
It’s unclear if News Corp would retain some of the businesses it has bought from rival News International.
But the deal would mean News Corp, which has the majority stake in the companies, would be able to sell parts of its business.
It could also give News Corp access to a huge pool of cash to invest in its business and potentially create new jobs.
What News Corp says News Corp will be able access the same funds it would have if it sold off parts Of course the sale of parts of News Corp is not without risks, especially for News Corp.
The deal has not yet been completed, and it’s still unclear how much News Corp could receive.
But News Corp said the news division would be “a great asset for our shareholders”.