144 positions lost in Fairfax/Nine merger

There will be 144 redundancies, with 92 employees affected following the Nine-Fairfax merger, as Nine CEO Hugh Marks confirms the new structure to staff.

Marks will be the CEO of the new merged entity, called Nine, with Fairfax CEO Greg Hywood expected to move on following the completion of the company’s acquisition on December 10.

Fairfax CEO Greg Hywood, along with CFO David Housego, general counsel Gail Hambly, and human resources boss Michelle Williams will leave.

Chris Janz of Fairfax is expected to take control of publishing in the merged entity, following his role as managing director of Australian Metro Publishing, responsible for the Sydney Morning Herald as well as The Age, and the Australian Financial Review.

Allen Williams, managing director of Australian Community Media, responsible for the company’s local newspapers, is expected to remain in his role.

Nick Falloon, chairman, Fairfax says, “We identified $50m worth of synergies and we put two big companies corporately together.

“None of these synergies have come out of the area of journalism, they have come out of the area of the operations of getting efficiencies for our shareholders, to enable the strength of the balance sheet to support the growth of what is important to consumers.”

The AFR notes that is has been expected that fewer than 100 individuals will be affected.

When combining its printing facilities with long-time rival News Corp earlier this year, Fairfax shed some 120 employees in print, with the AMWU saying it was blindsided by the news at the time.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required


Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.