Nine Entertainment to Slash 200 Jobs Due to ‘Economic Headwinds’

Published on June 29, 2024

Australia’s media group Nine Entertainment will make 200 jobs redundant, with its chief executive citing advertising challenges and revenue loss in the aftermath of the Meta deal. Nine was the third media corporation that recently went through restructuring at a time of economic uncertainty, following the footsteps of Seven West Media and News Corps. According to media reports, Nine will slash 90 jobs from its publishing arms, including legacy media outlets such as the Australian Financial Review, the Sydney Morning Herald, and the Age. The group will also cut 38 jobs from its current affairs and broadcast team. In an email to staff on June 28, which was obtained by AAP, Nine CEO Mike Sneesby said the redundancies were important to “responsibly manage costs through the cycle” and “keep investing in digital growth opportunities across Nine.”...

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