Sep 21, 2012

How Nine’s five-year plan may well be the stuff of fairytales

Nine Entertainment Co's debt position has been well documented, but what about the trading performance of the company under David Gyngell. A media insider says there are serious questions to be asked.

The trials and tribulations at Nine Entertainment (aka CVC) have been well documented from the perspective of the damaging effect caused by the inflated price paid by CVC for the business. What hasn’t been discussed in any serious way has been the trading performance of Nine Entertainment under the leadership of David Gyngell and what that may mean for whoever will be the future owners of the business.

Debt is one thing but the trading performance and profit is an entirely different matter and if trading results determine how Gyngell should rate in the CEO role he coveted and was ultimately granted, then many would argue he has some explaining to do. More importantly there is the critical issue of the future owner(s) having confidence whatever is left of Nine Entertainment can actually realise a return on their investment.

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One thought on “How Nine’s five-year plan may well be the stuff of fairytales

  1. izatso?

    Nein stuffed themselves years ago …… Management in denial.

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