Nine’s acting chief to cut $50 million in business costs amid cultural overhaul

Nine’s acting boss will cut another $50 million in costs from the business as part of a plan to “expedite the evolution” of the media company away from its traditional television business, arrest its languishing share price, and implement a cultural reset.

Nine’s share price has been on a steady decline this year, falling 45.8 per cent, from $2 in January to $1.10. Senior executives have privately said Stanton’s front-footed approach is a welcome change from the perceived indecisive approach of his predecessor, Mike Sneesby, who they say often preferred to wait for external factors to lead his decisions.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nine’s acting chief to cut $50 million in business costs amid cultural overhaulMatt Stanton promises more savings under a plan to “expedite the evolution” away from traditional television, and to implement a cultural reset.
Herkunft: smh - 🏆 6. / 80 Weiterlesen »