Gyngell slams Government over stalled media reforms, no merger with Fairfax while it is in print
Gyngell during today’s investor call
CEO of Nine Entertainment Co David Gyngell has admitted the company is frustrated by the stalling of media reform and has declared he has no interest in a merger with Fairfax Media while it still has major print assets.
During an investor call on today’s end of year results today Gyngell also questioned the logic of a much-speculated tie up in video streaming between Seven West Media and Foxtel, saying such a deal would “destroy some value” in the pay-TV operator’s business.
His comments on media reform come a week after Communications Minister Malcolm Turnbull admitted there would be no changes to the laws on media ownership, including rules limiting companies to owning just two of either print, TV or radio assets in one market, until there was greater consensus between executives from the major companies.
He’s missing a great opportunity if he doesn’t grab Fairfax’s print business while he can. Sure it’s currently not a great business but that’s because it”s a been allowed to degenerate into its current state. (especially product and content)
There is a lot of upside for in the Fairfax print business for someone who knows what they’re doing.
He needs to think more deeply than he’s showing here.
So Gyng is “slamming” the govt this week. MUCH preferred the spectacle when he was slamming Big James “the whacker” Packer.Any chance of a re-run? Free to air is mostly re-runs of slapstick farce – so this’d fit the bill, surely?
So Gyngell dislikes the business of his partner. And he thinks this is about catchup viewing while admitting his channel offers nothing much in the evening.
He and hywood will be great partners.
Most viewers stupid enough to be still watching free-to-air commercial TV can’t find anything worth watching before 9.30, let alone after it … stale cooking contests, amateur singing and dancing contests, nobody home renovation contests, sexist win a date with a lunk contests, fat people blubbering about contests. How did it come to this?
@zumabeach. You’re talking about 70% of the Australian population, how’s that ivory tower going for you?
@Dave … rule of thumb … maybe three million people across the country watch this dross every night. That’s about 15 per cent of the population, give or take. Good luck to them – whatever gets their collective rocks off. Meanwhile, about 85 per cent of the population find something better to do with their time. That’s got to be a good thing.