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BREAKING NEWS Channel Nine bloodbath with TV bosses wielding the axe on hundreds of jobs Nine to axe 200 jobs as part of $300 million cuts 38 positions to go in news and current affairs READ MORE: Channel Seven Queensland weather presenter Paul Burt sacked as network lays off 150 staff By Daily Mail Australia Reporter Published: 21:26 EDT, 27 June 2024 | Updated: 21:54 EDT, 27 June 2024 e-mail 8 shares View comments Hundreds of jobs will be axed at Nine Entertainment, including roles in the high-profile TV news division. Nine Entertainment chief executive Mike Sneesby announced the job cuts to staff on Friday morning as part of a $30 million cost-cutting plan for the business. 'From our nationwide team of almost 5000 people, around 200 jobs are expected to be affected across Nine including some vacant and casual roles not being filled,' Mr Sneesby said.
'In order for us to be able to keep investing in digital growth opportunities across Nine, we must continue to responsibly manage costs through the cycle.' The job cuts include 38 positions in the high-profile news and current affairs broadcast team, which encompasses 9News and 60 Minutes. Additionally, 90 jobs will be eliminated from Nine's publishing division, affecting roles at The Sydney Morning Herald, The Age, and The Australian Financial Review.
Mr Sneesby attributed the job cuts to the likely termination of a commercial deal with Meta , the owner of Facebook and Instagram, as well as a weakened advertising market. 'The.
