NEWSPAPER PUBLISHING – AUSTRALIA

Nine cuts metro news jobs in digital-first restructure

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 18 : 22-Jul-26

Nine Entertainment has advised that its publishing division will shed 30 jobs as part of a ‘digital-first’ strategy. Nine’s publishing boss Tory Maguire has told staff that most of the job losses will be at metropolitan mastheads ‘The Age’ and ‘The Sydney Morning Herald’, while its print operations will also be affected; Maguire indicated that the job cuts will be via both voluntary and targeted redundancies. Nine’s flagship ‘The Australian Financial Review’ will not be affected by the latest job cuts.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

ACM staff pass vote of no confidence in Catalano after assault charges

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 8 : 18-Mar-26

Australian Community Media held an all-company meeting yesterday afternoon, in the wake of assault charges against joint owner Antony Catalano. Sources have indicated that 30 employees voted in favour of a motion of ‘no confidence’ in Catalano, although only 49 people voted. ACM employees had attended a town hall meeting on Monday, with MD Tony Kendall stressing that Catalano has "almost no involvement" in the regional newspaper publisher’s day-to-day operations; he added that the allegations will not affect the company or force it to be sold. Catalano and Alex Waislitz bought ACM from Nine Entertainment Company in 2019 for $125m.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA PTY LTD,NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

AI deals a Labor ‘priority’: Nine

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Original article by Zoe Samios
The Australian Financial Review – Page: 19 : 25-Feb-26

Nine Entertainment Company has posted a 2025-26 interim net profit of $81.4m, which is 42 per cent higher than previously. Group revenue was down four per cent at $1.1bn, while its TV division’s revenue was 14 per cent lower at $508.2m. The Stan streaming video platform’s revenue rose 15 per cent to $282.7m, while the publishing division’s revenue was down two per cent at $262.2m. Meanwhile, CEO Matt Stanton is confident that the federal government will support the media sector’s push to secure increased payments from technology companies for using their content to train AI models.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Nine’s publishing to out-earn TV

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 13 & 17 : 6-Aug-25

Jarden analyst Tom Beadle recently said that the value contained within Nine Entertainment’s publishing business could potentially be the most underappreciated part of the media group. The investment bank has valued Nine’s publishing assets at $885m, ahead of streaming video platform Stan ($655m) and the broadcast division ($601m); Jarden estimates that Nine’s radio stations are worth about $25m. Looking forward, Nine’s publishing assets are forecast to generate EBITDA of $156m by 2028; this compares with expectations of $153m for the group’s television network, which is facing higher costs.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN ENTERTAINMENT PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE RADIO PTY LTD, JARDEN AND COMPANY

Nine flags cuts amid advertising downturn

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Original article by James Madden
The Australian – Page: 15 & 23 : 26-Feb-25

Nine Entertainment Company has posted a 2024-25 interim net profit of $95.1m, which is 29 per cent lower than previously. EBITDA fell by 15 per cent to $268m, and revenue was steady at $1.39bn. The media group has advised that it will seek to generate cost savings of $100m across its operations over the next two years, and interim CEO Matt Stanton has indicated that the restructuring will involve some job cuts. Stanton also stated that the Domain property listings business is a key part of Nine’s growth strategy, in the wake of a $2.6bn bid for Domain from US-based CoStar Group.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, COSTAR GROUP INCORPORATED

Former Foxtel chief executive Tonagh to join Nine board

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 13 : 15-Jan-25

Nine Entertainment’s chair Catherine West says media industry veteran Peter Tonagh will be a valuable addition to the group’s board. Tonagh was previously the deputy chairman of the ABC; he is also a former CEO of both News Corp Australia and pay-TV company Foxtel. Nine is also believed to have recruited another former Foxtel executive, Amanda Laing; she is said to be set to be given oversight of Nine’s broadcast operations. Nine’s shares fell by nearly 40 per cent in 2024, although the stock has gained about four per cent so far in 2025.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD

Nine shoots higher as investors talk break-up

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Original article by Valerina Changarathil
The Australian – Page: 18 : 8-Jan-25

Nine Entertainment Company’s shares fell by 39 per cent in calendar 2024; however, the stock rose 5.6 per cent t to $1.32 on Tuesday, amid speculation that the diversified media group could be broken up. The recent emergence of Tanarra Capital on Nine’s share register has boosted such speculation; Tanarra is headed by John Wylie, who has successfully advocated for changes at companies such as Lendlease.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TANARRA CAPITAL PTY LTD

Nine exec quits before cultural review hits

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Original article by Sophie Elsworth
The Australian – Page: 3 : 15-Oct-24

Nine Entertainment has lost another executive, with the departure of its director of communications and public relations, Victoria Buchan. Interim CEO Matt Stanton has indicated that her exit was by mutual agreement as part of a restructuring of the media group’s leadership team. Buchan’s departure is not believed to be linked to the upcoming release of the findings of an independent review of Nine’s workplace culture. The review was sparked by the exit of Darren Wick, the former director of news and current affairs; Buchan is said to have been close to Wick, who had been accused of inappropriate conduct.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Sneesby had to go: top Nine investor

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Original article by Cameron England
The Australian – Page: 13 & 16 : 13-Sep-24

Nine Entertainment Company has advised that CEO Mike Sneesby will step down at the end of September, after more than three years in the role. Nine’s chief finance and strategy officer Matt Stanton will become acting CEO until the media company appoints a permanent replacement. Reece Birtles from institutional investor Martin Currie says Sneesby’s departure was not unexpected, given the challenges that Nine is facing; they include revenue growth, cultural issues and concerns about its Domain property listings business. Nine’s market capitalisation has fallen below $2bn, compared with more than $5bn when Sneesby became CEO in April 2021.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

Voluntary news media recycling scheme receives official accreditation

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Original article by Joe Kelly
The Australian – Page: 6 : 28-Aug-24

Australia’s news media industry has been operating a voluntary recycling scheme for printed newspapers for more than 30 years. The success of the scheme resulted in just 0.2 per cent of all printed news­papers going to landfill in 2023. It is administered by ThinkNewsBrands, whose CEO Vanessa Lyons has welcomed the federal government’s decision to official accredit the ‘product stewardship’ scheme. Media industry executives have emphasised the importance of sustainability for the sector.

CORPORATES
THINKNEWSBRANDS