Nine CEO Mike Sneesby calls on govt to ‘use all the powers available to them’ on Meta news ban
Nine CEO Mike Sneesby says the Government must ‘use all the powers available to them’ regarding Meta’s news ban that has seen publishers all around Australia hand out redundancies due to the move.
Media giants like Nine Entertainment, Seven West Media and News Corp Australia have been rolling out redundancies over the last few months, which are attributed to Meta axing news from its platform, first announced back in March.
Nine’s publishing division alone has seen 85 redundancies, while only earlier this month the Media, Entertainment and Arts Alliance (MEAA) secured pay rises and improved conditions for its Nine journalists after a five-day strike.
Meanwhile, in its latest financials announced on Wednesday, it was confirmed that Nine Publishing, which covers the mastheads and Drive, saw total revenue drop by 3%, and earnings down by 7%.
Sorry 9, you aren’t entitled to anything.
Instead if relying on other companies to support you, how about improving your offerings with some quality and integrity to attract lost viewers? Radical concept, may just work.
When a company starts spending more time asking for protection than talking about what they are going to do about it. Run for the hills.
When a company starts talkimng about wanting an “even playing field”. Run for the hills.
When olympic torches and commitments to old men in Lausanne are more important than commitments to your teams. Run for the hills.
I’d probably use Facebook a lot more if they took the News content off it.
Have to agree with Alberto’s comment…stopped watching most free to air, not to migrate to social media, but because most of what is offered on Channel 9 and cohorts is unmatchable trash…watching MAFS for example (one of many) is an exercise in brain damage. Put some great content on, then people might actually watch, and therefore increase your advertising revenue (and no, news cycles repeated endlessly are not the answer either)
Never gonna happen Big Sneeze!
Bring back Scomo he did the meta deal clearly Albo doesn’t care.
30 minutes of 2nd rate programming and 30 minutes of promos and nauseous repeat of ads. I’d suggest is not user friendly to advertisers and certainly not the viewer.
Why are we just blankly accepting that the recent swathe of redundancies across these companies was exclusively due to the Meta money coming off the table? It definitely contributed to it, but the consistent decline in revenue and audience migration away from traditional formats (linear, newsprint) has just as much to do with it. Most of these large media corporations have antiquated structures baked in to their operating models. They are, collectively, too timid (or comfortable, at the top) to make radical changes and instead continue to slowly downsize while asking their teams to do more with less and an increasingly competitive and challenging landscape. I get it, if I was at the top of one of these orgs, making a heap of money and strolling towards retirement, I wouldn’t want to rock the boat either.