Nine Entertainment Frater Asia Australia reports economy scandals google investigations Party Platform Nine Entertainment Frater Asia Australia

Australian Media Groups Are Rocked by Job Cuts, Following Lapsed Meta Deal, Slowing Economy

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variety.com

Patrick Frater Asia Bureau Chief Nine Entertainment, Australia’s largest media conglomerate last week announced plans to cut 200 jobs.

It blamed a weak advertising market and the non-renewal of a news content deal with Meta, the U.S. giant that operates Facebook and Instagram.

It also follows scandals over alleged misbehavior by staff. That is a pattern that follows other media conglomerates in Australia.

The Murdoch family’s News Corp. Australia last month announced a A$65 million ($43 million) cost-saving program. It too blamed the commercial environment and Meta.

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