Seven News Confirms Staff Cuts, As Fairfax Redundancy Rumours Circle

Seven News Confirms Staff Cuts, As Fairfax Redundancy Rumours Circle
SHARE
THIS



It’s not a good week to work in news media, with the Seven network confirming it will be cutting positions in its newsroom and Fairfax is rumoured to be doing the same.

Seven News, which is still trailing behind Nine News in popularity, has confirmed it will be cutting numbers in the newsroom. Four out of approximately 15 jobs are expected to be retained.

Seven has refused to confirm which staff will be departing. Though Seven Network news boss Rob Raschke and Seven’s Sydney news director Chris Willis have both signed new contracts.

A Seven spokesman told News Corp: “Two people have been redundant. We are redeploying some others — around 12 from a specialist unit — into Seven News and other capital city markets, bolstering those teams. We’re also hiring cadets.”

Seven’s 7pm bulletin will remain. It’s expected Seven will follow similar actions that it did in February 2014, when Today Tonight was cancelled in Sydney, Melbourne and Brisbane. The surviving reporters and producers were integrated into Seven News bulletin.

On the Fairfax front, an opinion piece in today’s Rear Window column in the Australian Financial Review said management were preparing “yet another round of major cost-cutting in the news division that contains (what’s left of) The Australian Financial Review, The Sydney Morning Herald and The Age.”

Rear Window columnist Joe Aston also wrote: “Senior management isn’t denying the axe is being sharpened again, although the precise size of the program is not yet final.

“And it’s a fair enough assumption given chief executive Greg Hywood and CFO David Housego have been telling institutional investors for at least 12 months that costs will continue to be shaved from Allen Williams’ Australian Publishing Media division at an equivalent pace to its fall in revenues. That rate of decline has eased back from double digits to 7 per cent year-on-year.”

“We’ve been through the five stages of grief (the bargaining part was definitely fun) to arrive at acceptance. And when the Holt Street troops get past denial, we’ll be waiting with open arms. Let’s all go long in Kleenex stock.” Aston concluded.

Latest News

TAC & Taboo Urge Victorians To make Roads Safer In ‘This Christmas’
  • Media

TAC & Taboo Urge Victorians To make Roads Safer In ‘This Christmas’

The TAC and Taboo have created a high impact, interactive campaign encouraging all Victorians to play their part in making our roads safer – ‘This Christmas’. The activation is filled with thousands of brightly coloured ribbons featuring messages written by real Victorians, to encourage us to all stay safe for the merriest Christmas both on […]

NITV Announces Four Indigenous Executive Appointments
  • Media

NITV Announces Four Indigenous Executive Appointments

National Indigenous television service NITV has announced four senior Indigenous appointments who will be responsible for growing its on-air and online platforms. Rhanna Collins, a proud Palawa woman, has worked at NITV for the past four years and has been appointed as executive editor, working across the TV station’s news and current affairs digital and […]

Publicis & Qld Transport And Main Roads Department Launch #LiftLegends
  • Campaigns

Publicis & Qld Transport And Main Roads Department Launch #LiftLegends

Queensland’s Transport and Main Roads Department (TMR) and creative agency Publicis Worldwide are targeting drink-driving over the holiday season with a new road safety campaign launching this week. The campaign is encouraging people to organise a #LiftLegend to make their way home. Set to the Bette Midler classic, Wind Beneath My Wings, this is the […]

AMSRO Applauds ACCC’s Preliminary Report To Safeguard Data Privacy
  • Marketing

AMSRO Applauds ACCC’s Preliminary Report To Safeguard Data Privacy

The Association of Market and Social Research Organisations (AMSRO) today applauded the Australian Competition and Consumer Commission’s (ACCC) preliminary Digital Platforms Inquiry report and proposals to further protect the privacy of individuals across the digital landscape.

AppNexus Offers Buyers Fee-Transparent Supply-Side Platform
  • Advertising
  • Technology

AppNexus Offers Buyers Fee-Transparent Supply-Side Platform

AppNexus, a Xandr company and leader in advertising technology, has announced that agreements with many direct publishers in the AppNexus marketplace and partnerships with third-party transparency companies have facilitated one of the programmatic advertising industry’s first fee-transparent supply-side platforms (SSP), giving buyers an unprecedented level of visibility into technology fees. “Through our policies and partnerships, AppNexus […]