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What Mike Sneesby must do to succeed at Nine


What Mike Sneesby must do to succeed at Nine
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March 3, 2021 — 5.47pm
March 3, 2021 — 5.47pm
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Mike Sneesby is inheriting a business firing on (almost) all cylinders. But if the incoming Nine Entertainment chief is to succeed at the top of what is now the nation’s largest media company, he will need to overcome some significant strategic challenges.
The tensions on Nine’s board between directors from the former Fairfax Media and those from Nine’s legacy television business exposed in this masthead over the past week have obscured the reality that the 2018 merger between the two companies has been a resounding success. ....

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Nine expected to announce new CEO today


Nine expected to announce new CEO today
March 3, 2021 9:14
It is expected he will use the opportunity to announce the company’s new chief executive officer.
Marks’ replacement is expected to be announced shortly
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Current CEO Hugh Marks resigned in November last year, after five years at the helm. It was revealed that his reason for resignation was related to a relationship with a former Nine executive.
The three likely contenders for the role are Stan CEO Mike Sneesby, Nine chief digital and publishing officer Chris Janz and outsider, former Endemol Shine Australia’s co-chief executive Carl Fennessy.
Last week, Marks presented to the board and shareholders for the final time in his capacity as CEO when he delivered the media business’ half year results for the six months ending in December: net profit surged by 79% to $182 million, revenue was down 2% to $1.2 billion, and earnings before interest, tax, depreciation and amortisatio ....

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Nine names Mike Sneesby as CEO


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. ....

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