Departing CEO reports 53% profit rise from digital businesses while revenue from mastheads including
Sydney Morning Herald and the Age falls 9%
Nine Entertainment’s outgoing chief executive, Hugh Marks, has pledged to give $2m in jobkeeper payments back to the government after the nation’s biggest local media company posted a $182m net profit.
“This is a remarkable reflection of a period where much of Australia spent time in lockdown, or recovering from lockdown, and the
Australian economy was in recession,” Marks told staff.