Nova Entertainment expects advertising revenue to be tight for the next 18 months, so has reluctantly moved to initiate some redundancies.
Nova CEO Cathy O'Connor has told radioinfo that, like most other companies, Nova Entertainment has been impacted by the COVID-19 crisis "with an estimated fall in revenue of over 25 per cent this year."
She says the media industry "has been particularly hard hit and we expect the downturn to continue for the next twelve to eighteen months."