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Nine plans to deliver $200m in cost savings in 2020

March 30, 2020 4:13

In an Australian Securities Exchange (ASX) announcement, media company Nine has highlighted a number of operation initiatives, including over $200m of cost savings in the 2020 calendar year, to help it manage the impact of the coronavirus (COVID-19) pandemic.

The biggest cost initiative comes from $130m in savings based on the assumption the 2020 NRL season is cancelled. The premiership is currently postponed until the beginning of May.

Nine has planned a number of cost-saving measures to help it handle COVID-19

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Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

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