Profits up for Nine as board looks to replace Marks

Feb 24, 2021 at 06:20 pm by Staff


Nine Entertainment is still looking for a replacement for chief executive Hugh Marks, with the board considering internal candidates Chris Janz and Mike Sneesby plus one or two others.

Meanwhile Marks - who says he will be "around for a while yet" - presided over half-year financial results which included a 64 per cent increase in net profit to $186.9 million.

Although revenue was down two per cent at $1.2 billion, EBITDA rose by 42 per cent to $355 million.

Pictured: Chris Janz at WAN Ifra's Digital Media Asia conference session in Singapore in 2017

Sections: Newsmedia industry

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