ARN issues a stark warning, Nine redundancies, and activist rocks M+C Saatchi

12 November 2025 It's Wednesday evening, which means it's time to pour yourself a glass of warm popcorn, fire up your wireless, and settle into another episode of the Mumbrellacast. After splashing out an estimated $1.5 million on its first-ever upfront presentation late last month to tout the future of its 'entertainment' company, this morning ARN provided the market with a sobering financial update, forecasting a full-year earnings drop of between 25% and 27%. On Monday morning, Amanda Laing, the newly minted boss of Nine's streaming and broadcast arm, informed nervous staffers that approximately 50 roles in her division will be made redundant -- some people will be redeployed elsewhere, but contractual roles will not be renewed, and some empty positions slated to be filled will remain empty. Elsewhere, on the Mumbrellacast, we discuss how M+C Saatchi's future has suddenly become unsteady, and it's all because of pesky activist investor Harwood Capital, which recently increased its stake in M+C Saatchi from 3.6% to 4%. This week also saw the relaunch of Big Brother, which started in 2001 on Ten, was revamped by Nine in 2012, then resuscitated by Seven in 2020. As they say, fourth time's a charm, and Ten have stripped the show back to its essence: chaotic live TV with every chance of nudity, bawdy language, unbridled fighting, and housemate boredom. Join Nathan Jolly, Eleanor Dickinson, Tim Burrowes and Abe Udy for a look at everything under Australia's media and marketing umbrella.