There
are reports from the Nine Network of another budget cut being ordered by
management as the toll from the recent job cutting rises past
100.
Program
heads and executive producers were told earlier this week by Ian Audsley, the chief operating officer, that another 10%
budget cut had been decided on. Around
50 to 60 people were lined up and despatched in the
last week of June and more have been going in small quantities over the
intervening five weeks.
Some
contractors to Nine report that delayed payments are
continuing. Revenue
growth is believed to be weak and the cost of restructuring continues to
rise. Programs that are over budget had been told to trim their budgets
until they’ve recovered their financial position but this latest cut is believed
to have been ordered to trim budgets even further.
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