Official Treasury documents obtained under the Official Information Act reveal just how close to collapse news outlet Stuff was three years ago. It's then-owner Nine Entertainment advised Treasury in May 2020 that its worst-case scenario modelling forecast that the news outlet required a cash injection of $7m by the end of June 2020 and around a further $7m over the remainder of the calendar year to maintain Stuff as a going concern.

Source: Stuff October 11, 2023 23:41 UTC