Australian Media Groups Are Rocked by Job Cuts, Following Lapsed Meta Deal, Slowing Economy
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variety.comPatrick Frater Asia Bureau Chief Nine Entertainment, Australia’s largest media conglomerate last week announced plans to cut 200 jobs.
It blamed a weak advertising market and the non-renewal of a news content deal with Meta, the U.S. giant that operates Facebook and Instagram.
It also follows scandals over alleged misbehavior by staff. That is a pattern that follows other media conglomerates in Australia.
The Murdoch family’s News Corp. Australia last month announced a A$65 million ($43 million) cost-saving program. It too blamed the commercial environment and Meta.
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