3 months ago
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Nine will cut 50 jobs from its newly created broadcast and streaming division, in a bid to reduce duplication after bringing together Stan, broadcast and digital streaming television under a single roof.
The cuts follow a months-long review led by new Streaming and Broadcast boss Amanda Laing, who joined Nine earlier this year and implemented a new leadership team in June.
A Nine spokesperson said the cuts are designed to reduce duplication and drive greater collaboration across Stan, Channel 9 and 9Now, while also working to offset a tough advertising market.Credit: Joe Armao
Staff were informed of the proposed changes on Monday morning, with some to be informed their roles will be made redundant across the day, according to an internal memo seen by this masthead.
The jobs to go mostly relate to the news division and Stan, as well as the sport, marketing and creative functions.
Nine is the owner of The Sydney Morning Herald and The Age. The redundancies only apply to the Streaming and Broadcast division.
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While 50 positions are being made redundant, some new roles are being created which means the number of departures may be lower.
A Nine spokesperson said the cuts are designed to reduce duplication and drive greater collaboration across Stan, Channel 9 and 9Now, while also working to offset a tough advertising market.
“Our primary focus during the consultation is supporting these team members through access to our employee wellbeing provider, as well as exploring redeployment opportunities within the broader Nine Group,” the spokesperson said.
At the company’s annual general meeting on Friday, Nine said it intended to cut an extra $10 million in costs as a response to the ongoing advertising market conditions. This adds to already proposed cuts totalling $100 million in underlying costs across the 2026 and 2027 financial year.
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In a trading update ahead of Friday’s meeting, the company said the ongoing ad market conditions have been more challenging than expected.
Chair Catherine West stepped down following the meeting, capping 18 months as chair and almost a decade on the company’s board. Independent director and former Foxtel and News Corp chief executive Peter Tonagh was appointed chair. Before joining Nine’s board in January, Tonagh was deputy chair of the ABC.
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