David Gyngell has signed a new contract to continue his role as Nine’s CEO, according to the Australian Financial Review.
Gyngell has signed a new, four-year contract ahead of a possible float of the media group next year.
The son of Bruce Gyngell, the first man on Australian television, he returned to the role in October 2007 following an executive role with Granada USA. It is his second term leading the network.
There is speculation that his salary has increased from $1.2m to $1.5m per year.