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
B&T Magazine
By B&T Magazine



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.

 

 




Please login with linkedin to comment

Nine

Latest News

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]