News Corp Australia newspapers. (Image: AAP/Paul Miller)

It’s been a trying few months for News Corp.

The Daily Telegraph was ordered to pay Geoffrey Rush over $850,000 in a landmark defamation case. Then the prize tabloid was slammed by the public after taking swipes at Bill Shorten’s cancer-surviving mother. 

We also knew that News Corp was bracing for losses. The company recently announced 55 redundancies across its major mastheads, including The Australian and the Herald Sun.