Ten fires back at Nine accusing CEO of being ‘rattled’ following Gyngell’s revenue comments
Network Ten has said it is “flattered” Nine Entertainment Co sees it as a threat after CEO David Gyngell said he expected his rival to “fall into a bit of a hole” in the latter half of 2015 during Nine’s revenue results presentation today.
Nine CEO David Gyngell during today’s presentation
After Nine had reported a $592.2m net loss after a series of asset writedowns, Gyngell took aim at Ten with his own analysis of how the rest of 2015 would play out from a revenue perspective.
“We’ll be a 38 (share), Seven will be a 38 and a half 39 and Ten 23, 23 and a half”, said Gyngell. “We have a couple of Voices in there so we will hold up. Seven will pull forward some revenue because of the Olympic Games coming along, they will write some extra advertising and Channel Ten will pick up bits and bumps around Masterchef but will fall into a hole coming in to the end of the year.”
How good is Gynge’s beard!
Ten to fall in a hole after lifting ratings all year…not a fait acompli Gynge.
Regardless TV cost up , audience down and lots of navel gazing by the networks.
Gyngell channelling Derryn Hinch with that beard…
Hey Ten – double nothing is still nothing you clowns.
@Mark. Well looks like clowns are best people to run a TV network then. Ten haven’t put a foot wrong this year while their competitors have a string of disasters to their names. Hubris won’t bring in the advertisers.
“Gyngell channelling Derryn Hinch with that beard…”
No, a bit more Brian Blessed!!!
Why aren’t any of the networks talking about the material drop in viewership across the industry? Talking about their share of the pie is one thing, but the pie is rapidly shifting from being a Four’N’Twenty at the footy to a party pie at a kid’s birthday party. 10% decline in FTA viewing YOY in June is a warning sign that analysts should be talking about!
Gynge’s working on the Australian version of “Dog the Bounty Hunter!”