ABC JOBS TO BE CUT

ABC managing director Michelle Guthrie is preparing to slash management jobs at the national broadcaster, Fairfax’s Matthew Knott reports. The plan, which could eventually save $50 million a year, involves cutting layers of management in order to redirect funds towards television and radio content and “further deepen the ABCs push into mobile and digital platforms”. The plan is set to be presented to the ABC board next week, and announced next month.

TAX CHANGES THWARTED AGAIN

In what is a depressingly familiar pattern with the government, changes to capital gains tax concessions are off the table just 24 hours after it was reported the government was considering alterations to help the budget bottom line.