Nine CEO confident new AI laws will deliver a ‘world of growth in publishing’ as network slashes costs

Nine Entertainment's CEO, Matt Stanton, is optimistic about the future of publishing in Australia due to new AI laws. These laws, which were recently passed by Parliament, aim to force tech platforms into commercial deals with Australian news outlets. This development is expected to bring in significant revenue for the industry, potentially leading to a "world of growth in publishing." The network is also cutting costs, with a goal of slashing $160 million, but Stanton believes this growth will outweigh the cost-cutting measures.

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The CEO of Nine is confident that new AI laws will deliver growth in publishing. This may lead to increased investment and innovation in the sector.

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