Sneesby: ‘We need to look after all our staff’; MEAA calls profits ‘slap in the face’ for journos

After posting bumper profits from its publishing division – which saw a 53% jump in EBITDA on FY2021 – Nine Entertainment Co. chief executive Mike Sneesby has cooled suggestions that pressure is mounting to deliver its masthead title journalists the pay rise they are after.

Nine Publishing, which houses mastheads the Sydney Morning Herald, The Age, The Australian Financial Review, Brisbane Times, and WA Today reported combined revenue of $594 million and EBITDA of $180 million yesterday, in a result where total group profit also rose 35% to $315 million.