Nova Entertainment joins the ranks of the major radio broadcasters restructuring as radio ad revenue comes under pressure.
There has been speculation this morning that as many as 15 people have been let go. Nova Entertainment was not able to specify any of the people or roles impacted, but it is thought they include a content director and program producers.
A Nova Entertainment spokesperson released this statement this morning:
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.