Nova hit by redundancies due to ‘tough economic environment’
The end-of-year layoffs in radio are continuing, with Nova Entertainment the latest network to suffer a round of redundancies.
Mumbrella understands 15 people have been let go.
Nova is operating in a ‘tough economic environment’
Sources tell Mumbrella the redundancies include a high-profile executive producer, as well as a program director.
Wow, Nova loves to make people redundant 2 weeks before Christmas! They did this in 2008 and 2009 and now in 2019. Couldn’t be worse timing. You can’t get a proper interview until late Jan / early Feb and it is an expensive time of year. D*ck move that they seem to love repeating.
extremely normal…you need to get the costs off the books before the new year starts
Why have the radio networks all executed on these redundancies at the same time?
While the market is tough and there has been some general downsizing, everyone else has staggered their redundancies across the year..
Are radio execs just absolute heartless jerks or is there a reasonable explanation for this timing outside the obvious market downturn?
The programming year has just ended, it’s likely the least disruptive time to clear out on air or programming talent without effecting the overall sound and consistency of the stations.
Out of Survey, Key talent on holidays and Christmas Holidays for everyone to forget and move on…. no better time.
They’re just not making money, flaky audiences and talent!
Do I need to remind everybody they hired Matt Tilley? GOTCHA!
Revenues back at least 3m FYTD which equates to around 8%, more heads to roll…. Do not pass go, do not collect $200