Nine Entertainment’s CEO predicts strong expansion in the publishing sector, driven by new Australian laws compelling tech giants to negotiate commercial agreements for news content. The revamped media bargaining legislation, recently approved by Parliament, introduces financial penalties for platforms that refuse to strike deals with local media outlets. While the company anticipates a surge in AI-related business opportunities, it is simultaneously implementing cost-cutting measures across its news operations. The shift reflects a dual strategy of leveraging regulatory changes for revenue while tightening operational expenses.
Matt Stanton says company has ‘good pipeline’ of AI deals ahead even as it aims to cut $160m in costsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe head of Nine Entertainment sees a “world of growth in publishing” on the horizon backed by laws designed to force tech platforms into commercial deals, even as the network cuts costs across its newsrooms.Parliament passed revamped media bargaining laws last week, clearing the way for levies on global tech platforms that fail to strike deals with Australian news outlets for the use of their journalism. Continue reading...
