Nine to cut a further $100m in costs, CEO deflects CoStar questions

Sam Buckingham-JonesMedia and marketing reporter

Feb 25, 2025 – 3.33pm

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Nine Entertainment’s acting chief executive, Matt Stanton, has announced more than $100 million in new cost-cutting measures and declined to be drawn on an offer last week to buy out online property portal Domain.

At Tuesday’s half-year results, Stanton stonewalled questions about US real estate giant CoStar’s $2.7 billion bid for Domain, whose share price has jumped more than 30 per cent since the news last week.

Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review.