Which departments? Regional or metro?
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A broom is going through the lot.
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According to Radio Today:
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Radio Today should be on Mediawatch for āworld exclusiveā embellishment.
Itās no scoop, staff got the email; in such a large employer, thatās public knowledge as the email propagates over the internet.
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ie: someone leaked us the email before Radioinfo got to it. Same for the Matt Tilley story yesterday
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Perhaps, but they seemed to be updated around the same time, certainly not enough gap for radioinfo to react and write their own.
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Quite a sobering outlook for SCA, according to the article linked below.
Insiders suggest it isnāt the first round to hit the radio business, nor will it be the last.
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So who has been made redundant so far? Off and on air?
They most likely are looking for a job now, very few old enough to retire.
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Irene Hulme and Lee Bevington have also been made redundant.
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From Radioinfo:
Southern Cross Media Group Limited (ASX: SXL) has successfully negotiated the refinancing of its syndicated debt facility for a further three years.
Read more here.
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If people saw how hard the drought is affecting advertising through rural NSW in particular, they wouldnāt be surprised with what SCA and others are doing.
Businesses across the board are closing shop and thereās absolutely no money being made in places like Dubbo.
This is why Catalano, Gordon et al are trying to talk to the government and make them see that regional is bleeding and thereās absolutely no money to be made anywhere. And this doesnāt just affect farmers, it affects other business people right through to companies that rely on advertising, such as SCA, WIN, Prime7.
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Very true, the stagnant economy as whole isnāt helping, the mining boom long gone.
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Annaliese van Riet has been appointed as its Chief People & Culture Officer, effective from 20 January 2020.
Source: Radioinfo
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There was a comment on drought markets doing it tough.
SCA has a near national footprint of diversity of markets to help cushion the company from cutbacks. They choose to operate differently.
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and you donāt think the drought and the financial downturn is affecting regional and capital cities as well? Do you live in a bubble?
I can tell you the 15 from Nova Ent this week was more like 30 (they sacked others in recent months) and ARN has cut a good number of people too.
This downturn is affecting everyone. Iām a sales rep. I used to be knocking over 150% budget every month in my field, now itās down to 55-65% on a good month. The country is struggling.
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People voted at the last election knowing the economy was struggling and didnāt change course. This is what happens. I canāt see the current lot being much help.
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A lot of ACMs papers are becoming increasingly syndicated content and ads - perhaps trying to lift the amount and quality of local content might help to improve things - the quality of regional media is getting worse on an almost daily basis, thats not going unnoticed by local advertisers
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Just as an addition to my earlier post - Iāve worked in agency sales for 12 years before leaving earlier this year and moving into digital sales. Iām told subsequent to leaving that east coast NSW stations have lost Domayne advertising as Harvey Norman is rebranding them back to Harvey Norman - that is a multi-million dollar loss to TV, radio and external marketing just in that area. This might go some way in explaining why SCA is looking to contract its announcing in some areas such as Griffith and Wagga, plus Coffs Harbour and Port Macquarie.
Expect more cuts in the new year across all media companies.
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