Multiple redundancies at NOVA Entertainment this week
With metro radio ad revenue on the decline, NOVA Entertainment appears to be the next radio network to undergo a restructure.
The news follows Radio Today‘s revelation last week that Nova 100’s Matt Tilley won’t be returning to the station in 2020.
In a statement, a spokesperson for NOVA Entertainment blamed the “tough economic environment” as the cause for change.
“We are operating in a tough economic environment and media companies, like many others, have been impacted.
“As part of the ongoing review of its operations and after careful consideration, Nova Entertainment has made some changes to staff structures for 2020 and this has led to some redundancies across the business.
“We continue to believe in the strength of radio and its future in a digital world and our plans in 2020 will reflect that with continued investments in digital and audio.”
Southern Cross Austereo is in the process of making up to 90 roles redundant following an internal view.