Six weeks after agreeing to pay its star broadcaster Alan Jones a $4.5 million bonus to extend his contract, the John Singleton-controlled Macquarie Radio Network has not ruled out job cuts as part of a review to cut costs and counter a sharp drop in advertising.

The owner of Sydney's No.1 talkback radio station, 2GB, plans to look at every part of its business - including staff and program production - in coming weeks to find savings after advertising demand in the country's biggest radio market fell off a cliff last month. [link=]Full Story SMH[/link]