Page 4 - Nick Falloon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nine’s top shareholder Bruce Gordon in push for board seat We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement Bermuda-based media mogul Bruce Gordon will push for a seat on the board of Nine Entertainment Co in a bid to strengthen his influence over the television, digital and publishing company. Mr Gordon, the Bermuda based owner of regional TV network WIN Corp, is Nine’s biggest shareholder with a 14.94 per cent stake held through his investment vehicle Birketu. His desire for a Nine board seat is known to k...

Nine names Mike Sneesby as CEO March 3, 2021 9:53 Nine Entertainment Co has confirmed Stan boss Mike Sneesby will replace Hugh Marks as the media company’s CEO, effective 1 April. Sneesby has been with Nine’s streaming platform since its inception, joining almost eight years ago from Cudo, the group buying website part-owned by Nine. Mike Sneesby is the new boss at Nine “I am honoured to be entrusted with this important role, to be the custodian for many of Australia’s most important, valuable and iconic media brands,” said Sneesby, who will earn $1.4 million a year including super...

Mike Sneesby’s elevation in focus: What’s next for Nine, Stan, and Janz After a four month hiring process, Mike Sneesby is Nine's new CEO. Here, Mumbrella's Brittney Rigby unpacks what his departure from Stan means for the streaming business, whether there's any substance to reports of a fractious board, and why Sneesby's first big challenge will be getting his competitor applicants to stick around. March 3, 2021 5:19 For the past seven and a half years, Mike Sneesby has led one of Netflix’s strongest competitors. On 1 April, the CEO of the $1 billion Stan will be elevated to CEO of the...

March 2, 2021 10:21 Former Fairfax director Patrick Allaway has announced his resignation from the Nine Entertainment Co board, just hours after the media company’s mastheads published an exclusive story detailing an investigation into deputy chair Nick Falloon over the alleged misuse of a corporate golf membership. In a statement posted to the stock exchange just before 6pm last night, the business said the resignation will take effect in April, allowing “for an orderly transition … in light of the appointment of the new CEO and succession arrangements”. Marks and CFO Maria Phillips...

Falloon and Allaway, along with Mickie Rosen, made up the Fairfax faction on the board and do not always see eye-to-eye with the Nine directors led by the chairman, Peter Costello, sources said. The Sydney Morning Herald reported on Monday that Falloon was being investigated by his own company over allegations he allowed his son to use a corporate membership at a prestigious northern Sydney golf club. Falloon was reported as saying there were no issues with his use of any membership and he had not spent a dollar of company money. There is no suggestion Falloon has misused any company funds.