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Report: Nine cuts on the horizon?

Speculation today that Nine may make cuts to travel expenses and programming.

A report today speculates as to whether Nine Entertainment could be mulling upcoming cuts.

The Australian reports costs are said to be a topic of conversation at the end of financial year at the media group, which is a free-to-air broadcaster, publisher, owner of streaming service provider Stan and part owner of real estate website group Domain.

Costs are said to have crept up for the company from acquiring content and hiring staff during the global pandemic’s initial years.

But this does not necessarily mean a round of mass redundancies is on the cards. Analysts suggest there would be little to cut in the way of staff who generate content.

Areas where it could trim its budget are expenses – where Nine cut budgets for staff such as in the area of travel – and there could be one or two programs cut from its line-up.

5 Responses

  1. Not surprising. The economy is being hit hard everywhere in the world right now. Ratings are down and costs are up, tough decisions will have to come, unfortunately.

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