★★★★★ 0/5
Gyngell tops TV’s best paid
Nine's David Gyngell tops the list of highest-paid Australian media executives this year.
- Published by David Knox
- on
- Filed under News
What’s a TV boss worth?
The Australian today has published the earnings, including incentives, of top media executives.
David Gyngell, Nine, $19.5m -includes $2.6m in base pay and a bonus of almost the same amount taking him to total pay of $5.5m, $14m of incentives (a $2.5m cash bonus linked to Nine’s initial public Âoffering, $1.59m of pre-IPO share rights and $10m of IPO-related share incentives).
Earlier this year he was fined $500 following a brawl in Bondi with James Packer.
Tim Worner, $3.5m in his first year as Seven West Media chief executive.
Hamish McLennan, TEN, earned $2.5m in his first full year as CEO.
There’s no figure noted for WIN Television’s Bruce Gordon nor Seven chairman Kerry Stokes.
Share
Facebook
Twitter
WhatsApp
LinkedIn
Pinterest
Email
11 Responses
More context: If Mark Scott won The Big Adventure he’d be $300,000 better off than he is after running the whole ABC for a year.
this guy was in charge when they amassed massive debt and had to be rescued by overseas company
Surely Mr Gyngell is earning more money. Hope Channel 9 won’t be struggling in debt.
MM – his worth is mostly in equity which he earned in the debt for equity swap. His annual salary is in line with the others.
If I was earning over $2m a year, I wouldn’t need any further incentives. I cannot imagine what anybody does with that much money.
Wow. $20 mil for presiding over a joke of a network that makes little profit. Shareholders should be furious as that is taking away from future returns.
Makes the $10 mil that the CEO’s of the banks get for their $7 billion profits look like they are massively under paid. Or maybe the amateur boxer is just massively over paid. Definitely the latter.
@mickche – Mark Scott has a few more things than just six commercial TV stations to handle.
TV, radio, new Australia Plus (born from the ashes of Australia Network), meddling politicians, News Corp., etc.
No wonder 9 was struggling and in debt is anyone really worth that much money?
Pretty big numbers for Mr Number 2 Network!!
How do Nine and Seven’s business success currently fare?
um, notice no mention of MD Mark Scott, though technically not a CEO, but roughly equivalent.
From memory, it was last reported in the region of $700,000.
Perspective is always everything. M Scott compared to the other media CEOs is low.
Salaries are the same. The BBC has 14 presenters earning > 500,000 pounds. ABC had none.
Wonder how much NewsCorp’s top reporters make as well as commercial media presenters?