Tim Parker is a man with a reputation for union busting, rampant sackings and costcutting. But for debt riddled PBL Media, it must all seem like good business sense to appoint him as their independent chairman.
PBL Media owns Channel Nine, Australian Consolidated Press, Ticketek and has a share in the NineMSN website. The debt vortex began in 2006 when PBL borrowed $4 million to buy into Ninemsn and ACP. An investment which was extended to include magazine group, EMAP; Ticketek and Acer Arena.
Parker is said to be worth $75 million, with stints as the chief at shoemaker Clarks, Britain's Automobile Association; and deputy major of London, under Boris Johnson, before suddenly leaving last month. As head of the Automobile Assoc, he shed half of their 7,000 staff.
Watch this space...
Showing posts with label channel nine. Show all posts
Showing posts with label channel nine. Show all posts
Wednesday, September 24, 2008
Wednesday, July 30, 2008
Nine Throws Axe on News
Nine's decision to axe its Sunday and Nightline news programmes has sent revirbirations around Australian newsrooms this week.
It causes also could not have been simpler, with Nine bosses clearly labelling profitability and a competitive marketplace as being the fallguys for the shows, after over a decade on air for both shows.
The move marks a clear trend of commercial stations cutting back on news content and being slow in their willingness to take on new organisational models demanded by the new technological age we are entering into.
It causes also could not have been simpler, with Nine bosses clearly labelling profitability and a competitive marketplace as being the fallguys for the shows, after over a decade on air for both shows.
The move marks a clear trend of commercial stations cutting back on news content and being slow in their willingness to take on new organisational models demanded by the new technological age we are entering into.
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