NEC ASX: Peter Costello resigns as Nine Entertainment chairman

Former federal treasurer Peter Costello has resigned as the chairman of Nine Entertainment after days of acrimony following an altercation with a journalist in Canberra Airport.

“The new chair will require full support from all directors as this is an industry where there is fierce rivalry. I do not rate the attacks of a commercial rival.“The threat to this industry comes externally from trillion dollar technology companies that are competing for its business. To stand still or hope to continue to do things as they always have been done is not an option.”

Since joining the board of Nine in 2013, and taking over as chair in 2016, he has been involved in the creation of subscription streaming platform Stan in 2015, a major merger with Fairfax Media in 2018 to add news mastheads includingand a majority interest in property platform Domain, and the full purchase of radio stations like 2GB, 3AW and 4BC in 2019.

Mr Costello and Mr Sneesby have been under sustained pressure for weeks after it emerged Mr Wick, the company’s news and current affairs director, had

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peter Costello resigns as Nine Entertainment chairmanNine Entertainment Co chairman Peter Costello has resigned from his role and stepped down from the company&x27;s board.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Peter Costello resigns as chairman of Nine Entertainment ‘effective immediately’Costello said ‘I thank the board for their support over the last decade and particularly during the events of the last few weeks’
Source: GuardianAus - 🏆 1. / 98 Read more »

Peter Costello stands down as Nine chair days after airport altercation with The Australian journalist7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsSydney - 🏆 16. / 63 Read more »

Nine board chairman Peter Costello quitsThe former treasurer stepped down as chairman of Nine Entertainment Co days after allegations he shoved a reporter at Canberra Airport.
Source: smh - 🏆 6. / 80 Read more »

Nine board chairman Peter Costello resigns after reportedly assaulting a journalistNine Entertainment's board confirms the resignation in a statement, saying Mr Costello will 'step down from the board effective immediately'.
Source: abcnews - 🏆 5. / 83 Read more »

Nine board chairman Peter Costello quitsThe former treasurer stepped down as chairman of Nine Entertainment Co days after allegations he shoved a reporter at Canberra Airport.
Source: brisbanetimes - 🏆 13. / 67 Read more »