Costs of rolling out hi-def TV have hit Sky profits, despite more subscribers and higher revenue.

Job cuts are on the cards as one of New Zealand's largest broadcasters aims to slash an estimated $10 million from its budget.

Rupert Murdoch's plan to charge for mainstream news online is a sensitive topic for the news industry and a big risk, writes Liam Dann.

Rupert Murdoch says News Corp will start charging for access to the global media group's online news content.