This clears up the teaser I mentioned from Crikey on the show this week… or does it?
I have not been boned, says Nine’s McGuire
By Brooke Williamson – October 20, 2006 12:00am – Article from: The Daily Telegraph
CHANNEL 9 chief Eddie McGuire yesterday denied he was out of favour with senior PBL management, despite being a notable omission on the new company’s board.
“Have I been boned? No,” McGuire told The Daily Telegraph.“My job is to be the CEO of Channel 9. Three days ago I was CEO of Channel 9 and I’m the CEO today. It’s a really exciting time to be in the chair.”
On Wednesday, James Packer’s Publishing and Broadcasting Ltd sold 50 per cent of its media assets including Channel 9, ACP, and ninemsn to private equity company CVC Asia-Pacific for $4.5 billion.
These assets are now part of a separate company called PBL Media, which will have John Alexander as its executive chair and ACP boss Ian Law as its CEO.
McGuire will now report to Mr Law, creating an extra layer of management between him and his last direct boss, Mr Alexander.
An industry source said McGuire’s omission from the board of PBL Media – which is comprised of Mr Packer, Mr Alexander, Mr Law, Chris Anderson and Pat O’Sullivan – signalled the end for McGuire.
“Normally you’d put Eddie McGuire on the board as a nice, face-saving thing,” the source said.
“The fact that he isn’t, and Nine is a major asset, does not bode well for Eddie. This is a rebuff to him.”
Mr Alexander denied the claim, saying he had full confidence in McGuire’s abilities.
“I am very happy with how Eddie is running Nine. He has turned Nine around.”
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