Redundancies at Nine Entertainment after Fairfax Media merger; new AMP boss in first day on the job

Nine Entertainment boss Hugh Marks confirms that 144 positions will be made redundant as a result of the company's recently approved takeover of Fairfax Media. 

In a statement to staff, Mr Marks said the roles would be eliminated to reduced duplication. 

Also, AMP's new chief executive Francesco de Ferrari begins his first day in Australia's toughest corporate position as he rebuilds the wealth manager after the "fees for no service" scandal emerged at the Royal Commission.

Here's my report from The World Today