Channel Nine bloodbath with TV bosses wielding the axe on hundreds of jobs
Hundreds of jobs will be cut at Nine Entertainment, including positions in its high-profile TV news and current affairs division.
Nine Entertainment CEO Mike Sneesby announced the job cuts for staff on Friday morning.
“To ensure we can continue to invest in digital growth opportunities in the Nine, we must continue to manage costs responsibly throughout the cycle.
“Of our national team of almost 5,000 people, approximately 200 jobs in the Nine are expected to be affected, including a number of vacant and temporary roles that will not be filled,” Mr Sneesby said.
The redundancies affect 38 positions at the leading news and current affairs programme, which also includes 9News and 60 Minutes.
In addition, 90 jobs will be eliminated at Nine’s publishing division, affecting roles at The Sydney Morning Herald, The Age and The Australian Financial Review.
This is a breaking story. More to come.
Today presenter Karl Stefanovic is pictured. Nine has revealed that 38 jobs will be cut from its news and current affairs team. Ny Breaking Australia is not suggesting that Stefanovic’s role will be cut