News Corp felt they were not taking advantage of synergies across their portfolio of companies since they split from News Corporation in 2013. The 5 business units in question had very different products, cultures, and budgets so worked with the respective CTOs and CIOs from each of the companies to devise a new legal entity and chargeback model that was beneficial to all; either from a cost savings perspective or as a result of on increase in the level of service.
In 2018, Q5 supported NewsCorp to successfully created and launched a new shared services enterprise technology services company ‘NewsTech’ that serviced 5 business units in North America.
Following the proven success of NewsTech phase 1 in North America, NewsTech sought to expand globally to service business units in Europe, India and Australia in order to achieve further cost efficiencies, improve service quality and leverage best practice technologies.
A global Q5 team was engaged in May 2019 to support the design of the global shared services company. The team was spread across New York, London and Sydney to work closely with the major business units and their CTO/CIOs to help launch the new organisation.
Design and launch NewsTech in North America:
Phase 2: News Tech Global and Service Expansion