Nine is cutting 200 jobs across the media group, citing economic headwinds and loss of revenue from Meta's failure to renew news deals.
The cuts include between 70 and 90 staff in the publishing division - the first time Nine has cut headcount to editorial since 2017.
Nine CEO Mike Sneesby announced the news in a company-wide note to staff this morning.
"In order for us to be able to keep investing in digital growth opportunities across Nine, we must continue to responsibly manage costs through the cycle," Sneesby wrote.
"Today we will announce measures in our Publishing business to offset the loss of revenue from the Meta deal and challenges in the advertising market.
"We are also in the process of identifying further savings including in our Digital and Broadcast businesses. An operational review of these businesses is underway."
Last week media bosses warned that local news coverage and newsroom jobs could shrink if the government fails to ensure Meta renews its agreement to pay for news content.
Sneesby points out that Nine is in a stronger position than competitors to face this pressure.
From the nationwide team of almost 5000 people, around 200 jobs are expected to be affected across Nine including some vacant and casual roles not being filled.
"Where possible, we will look for opportunities to redeploy our team members who are impacted and we will support them throughout the process," Sneesby wrote.
"These are tough decisions and I acknowledge it will be an uncertain period for some of you. It’s important to reiterate that Nine remains in a strong position."
Tory Maguire, managing director of Nine Publishing, also sent a note to publishing staff.
"The publishing business in particular is able to lean on our continued success in growing our subscription revenue, especially over the past year since work began on significantly tightening the paywalls," Maguire wrote.
"This week, however, the deal with Meta is over and the significant revenue incoming under that deal has ceased.
"While we are encouraged by our constructive conversations with the Federal Government about enforcing the code, the only thing currently certain is that we don’t have an ongoing deal with Meta."
Over coming weeks the leadership team, including the editors, will be working on a plan to reduce staff costs, including in the newsrooms.
"We are looking at reducing the publishing division headcount by between 70 and 90 staff over coming months," Maguire wrote.
"I expect the planning for this to be completed over the next few weeks and in mid-July I will explain how we’re going to proceed.
"Over recent months there have been many people leaving Nine in other areas, and leaders of other parts of the business will be communicating with their own people about plans for wide-spread savings this year."
Nine director of news and current affairs Fiona Dear also addressed staff.
"We are having to make some hard decisions and that will mean the loss of 38 roles around the division, 12 of these positions are already vacant," Dear wrote.
"We are also looking to identify potential savings with casual and freelance roles and new technology.
"Over the decades we have witnessed the continual need for our industry to transform."
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