Domain has suspended its print publications in coronavirus crisis
Nine Entertainment has suspended publication of its newspaper insert, Domain, forcing staff to take leave.
As real estate vendors withdraw properties from sale, the Nine managing director of publishing Chris Janz told staff at newspapers, The Sydney Morning Herald, The Age and The Australian Financial Review there had been “significant advertising cancellations that would force sections and magazines to be suspended to secure the future of our business”.
“Unfortunately we are not immune from the unprecedented economic and advertising downturn caused by the crisis,” he said.
“These temporary measures will be continually reviewed and the sections will be reinstated as conditions improve.”
“While subscriber numbers are building, the growth does not offset the significant number of advertisers cancelling or reducing spend,” Mr Janz said in an email to staff.
News Corp Australia (publisher of The Daily Telegraph and The Australian) announced last week that it will be reducing pagination and this week announced it was cutting local newspaper production.
It will affect the print publication of 60 community titles across NSW, Victoria, Queensland and South Australia with the titles paused from April 9.
The Mansion magazine in the Weekend Australian is set to be published in April.