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Australian Media Groups Are Rocked by Job Cuts, Following Lapsed Meta Deal, Slowing Economy
Australian media groups reveal a wave of job cuts, following a lapsed news deal with Meta, a slowing economy and a series of scandals.
Nine CEO Mike Sneesby told staff that the company was “not immune to the economic headwinds impacting many businesses globally.” The Australian economy may be stalling. “Recent reports that detail alleged serious failings of leadership in television news clearly tells me more works needs to be done to ensure we have a safe and inclusive workplace throughout Nine,” said Sneesby in May. And, over several months of court hearings in a defamation case, the Spotlight investigative news team of Seven Media, was alleged to have paid rent for and allowed spending on drugs and prostitutes for former Liberal Party political aide Bruce Lehrmann.
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