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03/03/2021. Nine Entertainment Chair Peter Costello announces new Nine CEO as Mike Sneesby at Media event held at Nine studios in North Sydney. Britta Campion / The Australian

Nine warns of further cost cutting

Nine Entertainment will look to make “structural” cost cuts across the company this year, as the heightened economic uncertainty continues to bite into the media giant’s bottom line.

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Nine Entertainment chief executive officer Mike Sneesby at the company's 2022 annual general meeting.

Ad revenue tumbles at Nine

Nine Entertainment has forecast a 15 per cent decline in the free-to-air television market for the final quarter, with the slump in TV advertising likely to bleed into the next financial year.

Original URL: https://www.theaustralian.com.au/topics/nine-entertainment/page/9