1 Feb 2013

Cuts coming at Nine Entertainment

7:49 am on 1 February 2013

Nine Entertainment looks set to be the latest Australian media company to cut jobs, after telling employees it has must slash costs and become more efficient.

Chief executive David Gyngell said the media sector is facing significant challenges, and the company must find ways to save costs.

A Federal Court this week approved a recapitalisation of the network that will see two US-based hedge funds take control of the company.