Nine’s CEO Mike Sneesby jets off to Greece as media company crumbles


Nine’s chief executive officer Mike Sneesby jetted off to Greece on Friday, June 28, just hours after slashing the embattled media company’s staffing by four per cent.

According to The Daily Telegraph, Mr Sneesby is travelling to Greece for a week-long family holiday and is expected to attend a family member’s wedding during his visit to the Mediterranean country. He was spotted in the first-class lounge at Sydney Airport on Friday evening.

This comes after Mr Sneesby has faced significant pressure over the past month due to his perceived mishandling of serious harassment allegations levelled against former Nine news boss Darren Wick.

Nine’s publishing division includes The Sydney Morning Herald, The Age, The Australian Financial Review, the Brisbane Times and WAtoday.

Mr Sneesby is also facing anger from staff after announcing on Friday, June 28 – before he went on leave – that the company would be cutting 200 jobs mainly from Nine’s publishing division, which includes The Sydney Morning Herald, The Age, The Australian Financial Review, the Brisbane Times and WAtoday.

As many as 90 roles across Nine’s publishing division will be made redundant. A further 38 jobs will be shed in the company’s TV arm, with the remainder of the cuts spread across the rest of the media organisation.

In announcing the job cuts via a company-wide email last Friday, Mr Sneesby cited the prolonged slump in advertising revenue, along with Meta’s decision to walk away from the renegotiation of its payment-for-content deals with news media companies, as the main reasons for the savage cost cutting.

Source: The Daily Telegraph




By subscribing you accept our Terms of Service and Privacy Policy.


Latest News

2024 Paris Olympics: Everything you need to know

With the Olympics fast approaching, here's everything you need to know. The Games will run from July 27 to August 12 for Australia.

Greece attempts to diffuse tensions after Turkey deploys warships near Kasos

Greece scrambled to respond in a diplomatic manner to reduce tensions in the southeastern Aegean as Turkey deployed warships.

‘Memory Speaks’: Greek Australian Cultural League’s poetry event focuses on Cyprus

The Greek Australian Cultural League organised a poetry afternoon which took place at Steps Gallery in Carlton.

Mark Nicolaidis: Greek Australian beach volleyball sensation heads to Paris Olympics

Mark Nicolaidis never dreamed he’d be representing Australia at the 2024 Paris Olympics. This is his story.

AHEPA Australia holds insightful lecture on Zagora Archaeological Site

AHEPA Australia has organised lectures in collaboration with the Australian Archaeological Institute of Athens, University of Sydney.

You May Also Like

Greece opens border to almost 10,000 Albanians due to seasonal workers shortage

Greece and Albania have signed an agreement paving the way for Albanians to work in Greece’s agriculture sector, despite the coronavirus restrictions.

The story of Greek migrant Thomas Papadopoulos who is searching for his long-lost friend

Thomas Papadopoulos is searching for his long-lost friend, Nikos, who he travelled with on the ‘Patris’ during in 1962.

Greek court makes milestone decision to award compensation over migrant death in Moria camp

A Syrian and an Egyptian man died of carbon monoxide inhalation in January 2017 at the Moria refugee camp.