Nine have announced their new corporate structure to come into effect next Monday following the merger with Fairfax
While 144 roles will be made redundant due to duplication and some vacant positions will no longer be required, the actual number of people affected is expected to be just over 90.
In a memo to staff, Nine CEO, Hugh Marks, outlined the new structure with the group to be organised into the following operating businesses:
- Australian Community Media, Printing and Stuff continues to be led by Allen Williams. The New Zealand business, Stuff, will report through to Allen but continues to be run by CEO Sinead Boucher.
- Publishing: including, Metro Mastheads, Nine Digital and Events will be led by Chris Janz.
- Stan – led by CEO Mike Sneesby; and
- Television – led by Michael Healy.
Both Domain, led by Jason Pellegrino, and Macquarie Radio led by Adam Lang will remain as separately listed companies with independent boards.