Bauer to make 70 staff redundant as it suspends print titles

Bauer Media, the publisher of magazines including TV Week, The Australian Women’s Weekly, NW and Take 5, will make 70 staff redundant.

The publisher said the action was necessary as it grapples with decreased advertising revenue in the face of COVID-19.

Bauer Media is struggling in the COVID-19 pandemic

In addition to the 70 redundancies, a similar number of additional staff will be stood down.

The publisher is proposing to suspend certain print publications and restructure parts of its business.

CEO of Bauer Media, Brendon Hill, said these are unprecedented times.

“The COVID-19 crisis and the strict measures being taken to control it are having a profound impact on the Australian economy and any business that operates in it,” he said. “This has led to a sharp decrease in advertising revenue in Australia over the short term and we have had to reshape our organisation accordingly.”

It is unclear what these measures mean for Bauer Media’s acquisition of Seven West Media’s Pacific Magazines. The delayed deal is due to be completed this Friday, 1 May.


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