Bruce Gordon secures Nine board seat brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.
Nine ditches SCA for WIN, striking new affiliate deal
March 12, 2021 9:30
Nine Entertainment Co has ended its five year affiliation agreement with Southern Cross Austereo, instead returning to WIN for at least seven years in a deal which will see the regional media company pay Nine about half of its regional advertising revenue.
Nine defected from WIN in favour of SCA in 2016, with that five year deal reportedly worth almost $500 million and ending SCA’s TV brand.
WIN’s affiliation fee will be the same as that paid by SCA: approximately 50% of its regional advertising revenue. From 1 July, the contract will involve the promotion of Nine across WIN’s TV and radio assets, and WIN’s provision of a sales services for Nine in northern New South Wales and Darwin.
Nineâs top shareholder Bruce Gordon in push for board seat
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Bermuda-based media mogul Bruce Gordon will push for a seat on the board of Nine Entertainment Co in a bid to strengthen his influence over the television, digital and publishing company.
Mr Gordon, the Bermuda based owner of regional TV network WIN Corp, is Nineâs biggest shareholder with a 14.94 per cent stake held through his investment vehicle Birketu. His desire for a Nine board seat is known to key figures at the media company, according to industry sources who spoke on the condition of anonymity because the matter is confidential.
Nine s top shareholder Bruce Gordon in push for board seat theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Nine names Mike Sneesby as CEO
March 3, 2021 9:53
Nine Entertainment Co has confirmed Stan boss Mike Sneesby will replace Hugh Marks as the media company’s CEO, effective 1 April.
Sneesby has been with Nine’s streaming platform since its inception, joining almost eight years ago from Cudo, the group buying website part-owned by Nine.
Mike Sneesby is the new boss at Nine
“I am honoured to be entrusted with this important role, to be the custodian for many of Australia’s most important, valuable and iconic media brands,” said Sneesby, who will earn $1.4 million a year including superannuation, with the chance to earn up to $1.75 million should he exceed targets.