A report today speculates whether Nine Entertainment may be mulling upcoming cuts.
The Australian reports it Costs are said to be a talking point at the end of the financial year at the media group, which is a free-to-air broadcaster, publisher, owner of streaming service provider Stan and co-owner of the Domain group of real estate websites.
Costs are said to have increased for the company from acquiring content and hiring staff during the early years of the global pandemic.
But that doesn’t necessarily mean that a round of mass layoffs is on the cards. Analysts suggest there would be little to cut in the way staff generate content.
The areas where it could cut its budget are expenses – where Nine cuts staff budgets as in the area of travel – and there could be a program or two cut from its line-up.