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Nine Entertainment to cut 200 jobs as Meta content deal ends 1 JUL 2024

Corporate Moves

Nine Entertainment to cut 200 jobs as Meta content deal ends

The company cites a weaker advertising market as the cause. The job cuts would represent 4 per cent of the workforce.
Global advertising revenues to grow just under $1 trillion in 2024 17 JUN 2024

Forecasts

Global advertising revenues to grow just under $1 trillion in 2024

GroupM’s 2024 Global Midyear Advertising Forecast expects the U.S. and China to make up 57.1% of global ad revenue, adding $44.5 billion to their totals in 2024 (excluding U.S. political spending).
Germany: advertising in audiovisual media is set to grow again in 2024 30 MAY 2024

Forecasts

Germany: advertising in audiovisual media is set to grow again in 2024

The data comes from the Vaunet´s spring forecast. Radio and TV advertising to see moderate growth. Continued strong growth is anticipated in audio and video streaming.
Sky hired former Warner Bros. Discovery Priya Dogra as Chief Advertising & New Revenue Officer 23 MAY 2024

Corporate Moves

Sky hired former Warner Bros. Discovery Priya Dogra as Chief Advertising & New Revenue Officer

The move follows the announcement of Sky Sports+, a sports streaming service set to launch in August.
UK’s ITV to cut 200 jobs amid ad sales slowdown 22 MAY 2024

Corporate Moves

UK’s ITV to cut 200 jobs amid ad sales slowdown

It´s a consequence of the downturn in advertising market.The company had reported a recovery in the ad market in these results, but the damage has already been done, with McCall previously describing the downturn as the worst since the financial crisis.