Overview
- Staff in the Streaming and Broadcast division were informed on Monday, with consultation underway that includes wellbeing support and redeployment options.
- The review targets duplication after bringing together Stan, Channel 9 and 9Now, with roles mostly affecting the news division and Stan, and also touching sport, marketing and creative teams.
- Some new positions are being created, so the final number of departures may be lower than 50.
- At its annual meeting, Nine outlined a further $10 million in cost reductions on top of $100 million planned across the 2026 and 2027 financial years due to tougher advertising conditions.
- Board leadership shifted as chair Catherine West stepped down and independent director Peter Tonagh, a former Foxtel and News Corp chief executive, was appointed chair.