Bruce Gordon secures seat on Nine board
WIN chief executive Andrew Lancaster will join the board following regional affiliation deal with Nine.
Veteran media mogul Bruce Gordon has finally secured a seat on the board of Nine Entertainment Co. following an affiliate deal with his regional television network WIN Corporation.
The Age reports WIN’s chief executive Andrew Lancaster will join the board filling the seat vacated by recently resigned director Patrick Allaway. They also follow rumblings around board tension, including headlines around Nick Falloon, but Chair Peter Costello recently brushed aside any disunity.
Today Costello said: “Andrew has a long history and considerable experience in both television and radio in Australia, particularly in regional markets where he has successfully overseen WIN’s extensive operations for more than ten years and was instrumental in Nine’s recent affiliation agreement with WIN.”
Bruce Gordon has long been Nine’s largest shareholder, with a 15% stake held through his investment vehicle Birketu. The company previously owned shares in Network 10 with Paul Mallam on that board from 2010 – 2014.
Two weeks ago Nine Entertainment Co. and WIN Corporation signed a new regional television affiliation agreement, signalling the end of its 5 year deal with Southern Cross from July.
Incoming CEO Mike Sneesby will also join the Nine board, replacing outgoing Hugh Marks who departs tomorrow.
Changes to the Board take effect next month.