SCA Boss “no guarantees on tenure”

Staff Writer

Following his comments that the Southern Cross Media Board would 'discuss management' following the 2Day ratings collapse, Chairman Max Moore-Wilton has continued to put pressure on SCA executives.

Moore-Wilton was asked by the AFR as to whether senior executives such as CEO Rhys Holleran, and Chief Content Officer Guy Dobson, would remain with SCA until the end of 2014:

 "Nobody has any guarantees, it's business as usual (but) they'll certainly be (present) at the board meeting".

Despite not offering any guarantee of tenure, he did clarify that there was no intent to review senior positions in the company.

Moore-Wilton forecast extensive conversations with the market about the performance of 2Day saying; 

“We were surprised by the extent of the declines and that obviously is a matter we are giving serious consideration to. This is something we need to look at in a very businesslike and professional way and talk to advertisers and stakeholders.”

Despite reports that an extraordinary board meeting took place following the ratings, Moore-Wilton denied that was the case, saying that despite informal conversations taking place, there was no board meeting;

“Naturally there’s been contact between board members but there has been no board meeting. There will be a meeting later in the month. Our management is working on the issue and we will discuss it more formally at the board meeting later in the month.”

You can read the full AFR interview here.

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