Delivered $100 million year one savings
One of Australia’s leading media organisations, operating across both traditional and digital platforms, faced significant financial challenges, reporting substantial losses and ultimately entering into voluntary administration.
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Media & TelecommunicationsOne of Australia’s leading media organisations, operating across both traditional and digital platforms, faced significant financial challenges, reporting substantial losses and ultimately entering into voluntary administration.
With a new ownership structure in place, there was an urgent need to stabilise operations, reduce costs, and position the business for future growth through decisive transformation initiatives.
How we helped
Objectives
The goal was to secure the future of a key player in Australia’s media landscape by:
- Reducing costs across the traditional free-to-air network.
- Unlocking operational synergies and efficiencies.
- Repositioning the business to capture new growth opportunities.
Our role
We worked closely with the leadership team to design and implement a comprehensive transformation program focused on:
- Restructuring and significantly reducing the traditional cost base.
- Identifying and realising operational efficiencies across the organisation.
- Redeploying resources to support innovation and growth initiatives.
Outcomes acheived
- Delivered approximately $100 million in savings within the first year.
- Achieved a 10% reduction in workforce costs, redirecting resources toward growth areas.
- Redesigned the organisation, including executive leadership roles, to improve global alignment and accountability.
- Embedded new local Delegations of Authority (DOAs) aligned to global processes.
- Established an evidence-based decision-making framework using profitability and margin analysis to guide future strategy.
