According to SMH, the four candidates to replace Marks are Sneesby, Nine publishing and chief digital officer Chris Janz, former Endemol Shine Australia joint CEO Carl Fennessy, and former ViacomCBS Networks president and CEO David Lynn.
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Please no.
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News Corp reported yesterday Nine Radio chief (and former WWOS chief - key in acquiring the tennis) Tom Malone is also firming as a strong contender, he reportedly “aced” his internal candidate test/review or something.
But reportedly with limited top executive experience, want him to fully grasp “managing the balance sheets at Nine Radio”.
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Nine appoints Chris Perera head of Nine Plus, Perth
On Friday, January 29, Nine announced the appointment of Chris Perera as Head of Nine Plus, Perth.
Perera will lead Nine’s growing direct client team focused on providing marketing solutions to Perth’s small-to-medium business owners using Nine’s TV, radio, digital and publishing assets.
One of Perth’s top media sales professionals, Perera brings a strong background to the role having led sales for APN Outdoor in both Perth and Brisbane and also JCDeaux in Queensland.
Most recently he oversaw the sales and customer experience for Australia and New Zealand of a global bridal company, Essence of Australia.
Nine Perth Managing Director, Clive Bingwa , said Perera’s appointment would help power Nine Plus as it continues to develop its unique offering in the Perth market.
“Chris is a dynamic, results-driven leader with a people-first philosophy,” said Bingwa. “His industry experience, together with the expertise of his diligent team, will ensure Nine Plus remains a premium option to better service the needs of local clients in an integrated fashion across our assets.
“In recent years we have developed a unique offering for the Perth market across our products Channel 9, 9Now, WAToday and 6PR and there is no one better placed than Chris in this space to talk to clients about the opportunity these mediums provide local businesses to grow their revenue and market share.”
Perera said he was excited about the opportunity for Nine Plus in Perth.
“Nine is clearly focused on growth and I am honoured to join the business. I can’t wait to lead the Nine Plus team on this journey in a market I know exceptionally well,” said Perera. “I’m focused on helping businesses unlock the power of Nine’s fully integrated cross-platform assets, to ensure we surpass client expectations and deliver results. Together we will grow and succeed.”
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Bye bye Willoughby 
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Didn’t take long for the site to come down, didn’t they leave late last year?
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Found this really interesting. it includes Studio D the home of ACA & Studio A the new home of
Rugby League and other commitments
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I still think they should have had a news studio incorporated into the newsroom / controlroom. Missed opportunity.
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It’s a nice idea, but it’s very hard to get acoustically right in a newsroom (newsrooms are/can be loud places with people shouting etc), the ceilings are pretty low so you don’t do much from a studio perspective visually or work with angles, and the lighting is constantly hard to get right (natural light flow etc). It works okay as a live-shot point but a studio is much too hard.
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These days the trend is to have a hot head camera in a good spot of the newsroom to show activity… but have the actual journo in a small space with either a 103" plasma or green screen behind them
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Nine reported a 42% increase on last year in EBITDA of $355 million and a total revenue of $1.16 billion for the December half year.
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Unlike seven, nine are returning the job keeper.
Nine to give back $2m in jobkeeper payments after posting $182m profit
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From Nine:
Nine FY21 Interim Results
Nine has released its H1 FY21 results for the six months to December 2020. For the half, Nine reported Revenue of $1.2b and a Net Profit of $182m, which included a post-tax Specific Item expense of $5m.
Group EBITDA of $355m equated to growth of 42% on H1 FY20 (like-basis), in-line with earlier guidance of `more than 40%’ growth, with operating conditions gaining positive momentum across the half. Net Profit After Tax and Minority Interests was $178m, up 69% on the previous corresponding period.
Key takeaways include:
- Continued audience strength across all key platforms
- Marked improvement in ad markets through Q2, with strong growth in BVOD and FTA
- Continued growth from subscription businesses
- $23m EBITDA improvement at Stan
- 26% growth in digital subscription and licensing revenue from Publishing
- Group-wide costs down 13%, or $124m
- 53% growth in digital EBITDA to 41% of Group EBITDA
- Net Debt (wholly owned) of ~ $150m, equating to leverage of ~0.4X
- Commitment to return Nine’s JobKeeper allowance (relating to wholly-owned businesses) to the Federal Government
Hugh Marks, Chief Executive Officer of Nine said: “Our business has performed incredibly well through this period of heightened volatility, and has come out the other side in a very strong operating position. We acted swiftly when circumstances changed, whilst continuing to embrace opportunity and remain true to our vision – of building Australia’s leading cross-platform media business. In these latest six months, the combined contribution from Stan and 9Now, and the digital components of Domain and Publishing grew by 53% to more than $140m, and, notwithstanding the strong recovery in earnings from our traditional markets, equated to 41% of our total EBITDA.
“From an advertising perspective, this latest half year was a tale of two quarters. The advertising market clearly turned in late September, earlier and more sharply than we had anticipated, and this was led by Television, both Free To Air and BVOD. The brand-building strength of these segments underpinned clear growth in market share overall for the Television industry, that has continued into the first quarter of 2021. Nine’s consistently strong audience performance, across all of our platforms, means we are well positioned to benefit from this improvement in the ad cycle.
“The lessons we have learned from COVID are clear. Our focus on strict cost efficiency at our traditional media assets delivered the profitability we were targeting. And continued investment in our digital businesses is delivering strong digital profit growth. Together, enabling us to continue to migrate the business to a more flexible, digital-base.
“Moreover, the accelerated growth in businesses like Stan and 9Now, as well as our digital publishing mastheads, has enabled us to bring forward our longer term plans. And importantly has enhanced our competitive position across all segments. This will enable us to continue to invest in our audiences to ensure continued growth into the future.
“I’ve had a great five years at Nine, and am confident that I am handing over the reins at the perfect time – of a business which is clearly firing on all cylinders, but that has plenty of scope to accelerate its profitability in the coming few years.”
For the full ASX release see HERE.
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The vultures at Nine are circling with news from The Australian the network has a “crime thriller” drama on the Melissa Caddick story in the works. Given body parts are still being recovered and the investigation into what happened to the missing millions is ongoing, I don’t have any faith in Nine telling this story with any sensitivity. You’d think they’d allow the family, particularly her teenage son, some grieving time before considering this.
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Shocked considering there is still quite a bit to go in this.
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Jesus Christ, how awful is Nine’s ratings to do this so soon?
Nine deputy chairman Nick Falloon is being investigated by his own company over allegations he allowed his son Troy to use a corporate membership at the prestigious Terrey Hills Golf Club in Sydney.
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