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=http://business.smh.com.au/business/macquarie-radio-review-20081121-6e10.html]Full Story SMH[/link]
Macquarie Radio review
Saturday, November 22, 2008 | Labels: Radionews |
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=http://business.smh.com.au/business/macquarie-radio-review-20081121-6e10.html]Full Story SMH[/link]
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=http://business.smh.com.au/business/macquarie-radio-review-20081121-6e10.html]Full Story SMH[/link]
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