Catena Media is selling its companies in the UK and Australia, but this doesn't mean the company isn't still being thoughtful and smart. The firm said on Wednesday that it will be implementing cost-cutting measures as it narrows its emphasis on the American markets. According to the press announcement, Catena Media intends to lower spending by $4.2 to $4.6 million annually. The move, according to the firm, is a part of its ongoing strategic assessment, which began in May 2022. The company's "streamlining support functions" will mostly be responsible for the cost savings.