When companies expand or promote their exec team, you’re seeing the cycle of investment increasing. Then you know the cycle will then flow the other way, decrease that sees execs not renewed or given golden handshakes.
Is the company spending too much on management and should they spend more on their core functions? The surveys will tell us in time.
Lisa Thom, program, marketing and commercial manager at Nine Entertainment for over two years, has returned to Nova 93.7 as key client manager. She started in her new role yesterday.
HT&E are the next to make cuts. Hearing four days a week for most staff
From Radioinfo’s movements page:
Kate Brown has left her role as Head of Strategic Development at Commercial Radio Australia
At a time of turmoil, wouldn’t you want to a retain a head of strategy?
CRA reminding us of their incompetent decisions again.
From Radioinfo:
ARN has launched ARN Dynamic Audio, a world-first dynamic advertising technology that delivers more personalised and measurable campaigns for it’s radio clients.
The technology sees ARN become the first and only media business in the world to have the capability to provide dynamically targeted advertising on AM, FM and DAB+ radio in real time, ensuring the messaging is relevant, engaging and timely.
Read more here.
How exactly does this work?
https://www.radioinfo.com.au/news/hte-strong-position-despite-ravages-covid19
This will be reassuring for the ARN staff who’ve lost salary and hours, to find the company still has $111 million net cash and won’t touch it 
Interestingly they are going to pay a dividend as well
Jeez didn’t realise Kate Ritchies contract was that big!
Lachie still doing great work since One Tel.
the [Nova] licences are held by three Australian companies which state that they operate entirely in the UK, where they pay tax at 19 per cent rather than 30 per cent in Australia.
No wonder they’re importing British formats over here!
According to the AFR, $43 million from Nova’s bottom line last year was paid to other Lachlan companies for related-party debt and was paid for exclusive use agreements.
These are licensing fees that Nova pays to related parties and the licences are held by three Australian companies which state that they operate entirely in the UK, where they pay tax at 19 per cent rather than 30 per cent in Australia.
This was a great opportunity for the tax law firm to spruik themselves yet it went begging. AFR isn’t what it once was.
Very creative effort to ‘lose’ $43M.