New man­age­ment at News Corp. to push Asia ex­pan­sion

The China Post - - BUSINESS -

A new man­age­ment team at Ru­pert Mur­doch’s News Corp’s Aus­tralian oper­a­tions will sup­port plans to ex­pand into fast­grow­ing Asia, son Lach­lan Mur­doch said Satur­day.

It was an­nounced Fri­day that chief ex­ec­u­tive Ju­lian Clarke will re­tire at the end of the year to be re­placed by chief op­er­at­ing of­fi­cer Peter Ton­agh.

In ad­di­tion, Michael Miller will re­join News from APN News & Media, which has news­pa­per and ra­dio as­sets, to take on the newly cre­ated role of ex­ec­u­tive chair­man of News Corp Aus­trala­sia.

News Corp’s non-ex­ec­u­tive cochair­man Lach­lan Mur­doch de­scribed the ap­point­ments as “the best of both worlds” as he said the com­pany planned to make ac­qui­si­tions and in­vest­ments in start-ups in Asia, The Week­end Aus­tralian said.

“It makes ab­so­lute sense to ge­o­graph­i­cally di­ver­sify,” Lach­lan Mur­doch told News Corp Aus­tralia’s na­tional broad­sheet.

“Michael’s first task will be to start look­ing at build­ing op­er­at­ing busi­nesses in Aus­trala­sia, and he’s the right per­son to do it.”

Ton­agh

will

take

over from Clarke in over­see­ing the com­pany’s na­tional, metropoli­tan and lo­cal news­pa­pers.

Clarke came out of re­tire­ment in Au­gust 2013 to take on the job af­ter then News Corp Aus­tralia chief Kim Wil­liams quit.

“Ju­lian has done such an amaz­ing job bring­ing back the sales cul­ture,” Lach­lan Mur­doch said.

“He has made a huge con­tri­bu­tion over the last two years, help­ing to sta­bi­lize the Aus­tralian news­pa­pers.”

News Corp’s chief ex­ec­u­tive Robert Thom­son said the man­age­ment changes were part of a “clear plan to use Aus­tralia as a base for sig­nif­i­cant ex­pan­sion of our pres­ence in Asia, while en­sur­ing that our tra­di­tional busi­nesses in Aus­tralia are de­vel­oped to their full po­ten­tial.”

They come just days af­ter Ru­pert Mur­doch’s 21st Cen­tury Fox said its board had ap­proved a shake-up that puts the 84-yearold ty­coon’s son James in the chief ex­ec­u­tive job from July 1.

The media-en­ter­tain­ment con­glom­er­ate’s board ap­proved the plan un­der which the Aus­tralian­born mag­nate steps down as CEO and be­comes co-ex­ec­u­tive chair­man with his other son, Lach­lan.

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