See the top industry stories trending today.
News Corp has extended CEO Robert Thomson's contact for another five years. He has been in the role since 2013.
The latest redundancies follow a broader restructure last month that saw around 100 roles go across the Foxtel Group.
Davies’ last day will be Friday, 6 June.
The news follows widespread redundancies across the business.
How honesty, innovation and leadership are transforming the News Corp Australia sales mission.
Usman Khan: 'TEER gives the industry the shot in the arm it desperately needed and absolutely deserves.'
