Nine Entertainment CEO sees publishing growth opportunity amid cost-cutting drive
Source Summary
Nine Entertainment CEO Matt Stanton said the company has a strong pipeline of AI deals and sees growth opportunities in publishing, supported by new Australian media bargaining laws that require tech platforms to negotiate commercial deals with news outlets. Parliament passed revamped media bargaining legislation last week that enables levies on global tech platforms that fail to strike agreements with Australian news outlets for journalism use. The company is simultaneously cutting $160 million in costs across its newsrooms.
Why it matters
The new Australian media bargaining laws create a direct mechanism for news publishers to negotiate payments from tech platforms, potentially generating revenue for Nine Entertainment while the company pursues AI partnerships.
