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.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: smh - 🏆 6. / 80 Read more »