Hisashi Hieda resigns from Fuji Media Holdings' advisory committee as the company faces a dramatic drop in broadcast revenue, signaling major challenges ahead.
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| Hisashi Hieda, former executive managing adviser at Fuji Media Holdings, resigns from the advisory committee as the company’s revenue drops sharply in February 2025. Image Courtesy: JN |
Tokyo, Japan – March 1, 2025:
Hisashi Hieda, executive managing adviser at Fuji Media Holdings, Inc., resigned from the company’s management advisory committee, the company confirmed Thursday. Fuji Media Holdings, which owns Fuji Television Network (Fuji TV), is part of the Fujisankei Communications Group, where Hieda holds the position of chairman.
The management advisory committee plays a key role in advising the board on important management and personnel decisions. Hieda's resignation comes as Fuji Media Holdings faces a steep decline in broadcast revenue, with February's figures dropping to less than 10% of the previous year's totals. This sharp decline follows a move by 311 companies and organizations to replace their advertisements on Fuji TV with public announcements from the Advertising Council of Japan.
Osamu Kanemitsu, president of Fuji Media Holdings, discussed the changes that could be ahead for the company, mentioning efforts to streamline the board structure and reduce the average age of its executives. He also revealed that Hieda had been hospitalized due to a lower back fracture sustained from a fall at his home the previous weekend.
Meanwhile, Fuji TV President Kenji Shimizu provided an update on the company's ongoing revitalization project, which was launched following a scandal involving former entertainer Masahiro Nakai. As part of the reform efforts, Fuji TV has introduced stricter penalties for violations related to human rights and established new guidelines for business meetings. These guidelines require detailed reports on meeting participants and purposes to enhance transparency.