New Names For Nine CEO Emerge, As The Company Lifts First-Half Underlying Earnings Guidance

New Names For Nine CEO Emerge, As The Company Lifts First-Half Underlying Earnings Guidance
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As the year comes to a close, Nine is ramping up the search for its new CEO to replace outgoing exec Hugh Marks.

According to The Australian, there are currently six names being considered for the title, including five men and one woman. People vying for the title include internal and external executives.

Anonymous sources told The Oz Lizzie Young is the only woman being asked to present to the Nine board.

Other names in the running include Chris Janz, Mike Sneesby, Tom Malone, Michael Healy and Michael Stephenson.

Sources also told The Oz Nine is considering external candidates such as former SBS managing director Michael Ebeid, former Network Ten chief executive Grant Blackley and Australian Radio Network chief executive Ciaran Davis.

Marks resigned from his position earlier this year after his relationship with then-commercial director Alexi Baker came to light.

Nine increases first-half underlying earnings guidance

As Nine continues to search for its new CEO, it has also lifted its first-half underlying earnings guidance amid improving market conditions.

Nine said it forecasts a 40 per cent rise in underlying before specific items to roughly $351m for the six months to December, compared to last month’s forecast of 30 per cent growth.

For the three months to December, Nine’s city free-to-air advertising revenue is expected to be up around 20 per cent, which is up 5 per cent from last month’s guidance.

Nine’s metropolitan TV ad revenue in the first-half of the year is expected to increase by 1 per cent from a year prior.

 

 

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