David Gyngell appointed PBL Media boss
David Gyngell is about to see his workload expand after being appointed as chief executive of parent company, PBL Media.
- Published by David Knox
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Nine CEO David Gyngell is about to see his workload expand after being appointed as chief executive of parent company, PBL Media.
Gyngell will retain his position helming Nine when he places outgoing PBL boss Ian Law.
PBL Media owns Nine and magazine publisher ACP (publisher of Women’s Weekly, TV Week, Cleo and more) plus NineMSN, Ticketek, Acer Arena, NBN Television and a share of Darwin Digital Television and SKY Television.
It is owned by equity firm CVC Asia Pacific, which purchased the company from James Packer’s Consolidated Media Holdings.
In the last few years the company has been heavily indebted.
In a statement, Gyngell said, “I am delighted to be taking up the role as Chief Executive Officer of PBL Media and I am very excited about its future. I remain fully committed to running Nine as part of this role, but believe that I will help PBL Media maximise its potential across the group. I am fully dedicated to leading the business through its next phase of growth and development.”
Ian Law added: “The timing of my resignation is geared to both my personal interests and the needs of the company. Firstly, after a very challenging four years PBL Media is now well placed for an orderly transition. The business is in great shape across all its operating units and we believe it will post a record result in 2010/11. We have an ideal replacement CEO from within the company. David Gyngell and I have worked very closely over the past three years and he understands all parts of the business.”
“At a personal level, I have a range of interests I wish to pursue. It is my intention after a short break to take on some new challenges, which will probably include non-executive director roles where I believe I can make a contribution.”
PBL Media is planning a $5 billion-plus stock market float next year.
Source: The Australian
12 Responses
Nursing homes a terrorist target?
The phrase “have been heavily in debt” is an understatement if ever I saw one
I’ll say it again, #1 in the advertiser demos. If that’s uninspiring, then so be it. It’s the money. Seven relies so heavily on oldies that a bomb at a nursing home would wipe out 90% of their audience.
Complete agree. Nine has brought us anything new or interesting for years. It’s a tied and boring network.
@knowfirst That’s primarilly due to Two and a Half Men. They’re underwhelming when it comes to giving Australian viewers new Aussie shows.
Personally I’m pretty sick of Hey Hey and The Block
So “underwhelming” they’re a good #1 in their target demos of 25-54 and 18-49 – you know, the ones the advertisers care the most about and how they determine where to spend their money.
If that’s “underwhelming” then I’m sure David Gyngell will wear that tag with pride.
Standby for This is Your Life, too. I agree about the lack of innovation – it’s gone beyond embarrassing.
David Gyngell? Oh brother, good luck to them. They’ll need it.
I agree Peter. First Hey Hey, then the Block…and now National IQ Test! Great New shows on Ch9!! The desks of staff in their ‘new ideas and creative section’ are filled with TV Week magazines from 15 years ago.
@Peter agreed, Nine don’t take any risks and as a result have very boring programs.
Maybe without Ian Law breathing down his neck he’ll be able to take a few risks? They also need to try to win back female viewers to their main channel. One less dinosaur to get past might help when “female skewing” shows are considered.
Gyngell and Nine are very underwhelming. While both 10 and 7 have taken chances on big new franchises 9 have given us nothing.
Ten has given us MasterChef… Nine has given us Hey Hey.
There is no such thing as a flattering picture of David Gyngell is there?