"A tale of two quarters" for ad revenue.

In a shock announcement, Nine Entertainment Chief Executive, Hugh Marks told all staff in a memo,  "After five successful years for Nine, I have decided the time is right for me begin the process of moving on." 

Nine Entertainment has released its FY20 results for the 12 months to June 2020.
 
On a statutory basis, Nine reported revenue of $2.2b and a Net Loss of $575m, which included a post-tax Specific Item cost of $665m, largely relating to impairment of goodwill.
 
Group EBITDA of $355m was down 16% on the results in FY19 and net profit after tax and minority interests was $160m, down 19%.
 

Maria Phillips has been appointed as Nine’s Chief Financial Officer, effective August 31, reporting to CEO, Hugh Marks.
 

Nine Entertainment's CFO Paul Koppelman is leaving the company for personal reasons.

Nine has today confirmed that it has signed an agreement for the sale of Stuff Limited, in a transaction which is expected to complete by May 31, 2020.
 

The transaction between Nine and Macquarie Media was completed on Friday. And this week Nine are conducting “town halls” with Macquarie employees around the country.

Macquarie's new MD chats with Peter Saxon

Tom Malone has been appointed Managing Director – Radio, ahead of Nine taking over operational control of Macquarie Media on November 8. 

On a public holiday Monday in NSW, Nine has informed the market that it has attained a 90 percent stake in radio broadcaster Macquarie Media.