Nine to cut 200 jobs, including staff from the Sydney Morning Herald and The Age, following the end of its deal with Meta.

Nine Entertainment chief executive Mike Sneesby has announced to staff that 200 jobs will be cut due to “economic headwinds” in the media industry. Up to 90 positions will be affected at legacy mastheads including the Sydney Morning Herald, The Age, and the Australian Financial Review.

The company stated that “some much-loved colleagues” would be leaving and that “tough decisions” would be made by mid-July to save $30 million. “Today, we will announce measures in our publishing business to offset the loss of revenue from the Meta deal and challenges in the advertising market,” Sneesby said. “Unfortunately, this will result in some of our colleagues leaving us in the coming months.”

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