News

Nine plans to deliver $200m in cost savings in 2020

March 30, 2020 4:13

In an Australian Securities Exchange (ASX) announcement, media company Nine has highlighted a number of operation initiatives, including over $200m of cost savings in the 2020 calendar year, to help it manage the impact of the coronavirus (COVID-19) pandemic.

The biggest cost initiative comes from $130m in savings based on the assumption the 2020 NRL season is cancelled. The premiership is currently postponed until the beginning of May.

Nine has planned a number of cost-saving measures to help it handle COVID-19

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Subscribe

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

Topics
coronavirus COVID-19 Hugh Marks Nine
Latest
Google reignites campaign against under-16s social media ban
Out-of-home operator Gawk ends relationship with Ooh Media, aims to win ‘divorce’
Digitas Australia gains MD from VML Commerce
Nine and Warner Bros already casting The Golden Bachelor Season 2
Foxtel's plan to bowl over sports fans this summer

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.