<\/p>\nNine the latest casualty from slowing economy<\/h3>\n
<\/a><\/p>\n
In announcing 200 job losses on Friday, Nine Entertainment has joined other commercial media outlets in feeling the chill from a cooling economy as more corporate budgets slash their marketing spend.<\/p>\n<\/aside>\n
It also stands to book a tax benefit of about $50m because for tax purposes it is making a loss compared to the original purchase price.<\/p>\n
The sale of the radio network will be greeted with relief by many inside Nine’s publishing division, which runs metro mastheads The Age and The Sydney Morning Herald as well as The Australian Financial Review.<\/p>\n
Some within the relatively buttoned-up newspaper division have been unhappy to be sharing ownership with the more rambunctious right-wingers at the radio network.<\/p>\n
However, Nine told the ASX it would continue to collaborate with the radio stations under the Laundy group’s ownership.<\/p>\n
“Laundy is expected to remain a long-term partner of Nine, with plans to utilise Nine News journalists on radio, showcase Stan Sport through Laundy venues, provide promotion and advertising sales collaboration, as well as increased advertising spend by Laundy on Nine properties,” the company said.<\/p>\n<\/div>\n
\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.abc.net.au \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Nine Entertainment has taken a loss by selling its radio network to billionaire pub baron Arthur Laundy as the media company takes a big punt on outdoor advertising. Mr Laundy’s Laundy Family Office will pay $56 million for the network, which includes Melbourne’s top-rating talk station 3AW, Sydney’s 2GB and a stable of presenters, including […]<\/p>\n","protected":false},"author":2,"featured_media":2291771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[444062,444069,444063,444064,444065,444068,444066,374379,444067,444061],"class_list":["post-2291770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-2gb","tag-3aw","tag-3xy","tag-4bc","tag-6pr","tag-arthur-laundy","tag-channel-nine","tag-john-singleton","tag-nine-network","tag-nine-radio"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/02\/Nine-Radio-sold-for-cut-price-56m-to-pub-tycoon-Arthur.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2291770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2291770"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2291770\/revisions"}],"predecessor-version":[{"id":2291772,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2291770\/revisions\/2291772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2291771"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2291770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2291770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2291770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}