Matt Stanton Named Permanent CEO of Nine Entertainment
Stanton takes the helm following a six-month interim role, pledging transformation for Australia's largest media company.
- Matt Stanton has been appointed as the permanent CEO of Nine Entertainment after serving as acting CEO since September 2024.
- Stanton previously held the roles of Chief Financial Officer and Chief Strategy Officer at Nine before stepping into the interim leadership role.
- The company faces challenges from a tough media environment, including competition from digital platforms and fluctuations in advertising markets.
- A key early decision for Stanton will be whether to sell Nine's 60% stake in Domain, a real estate portal valued higher than Nine itself, amid shareholder interest in a sale.
- Stanton has announced plans to cut $100 million in costs over two years and pursue a transformation agenda to position Nine for future success.