TEN CEO Grant Blackley has won a vote of confidence from the Board after it was announced he would remain in the role until August 2013.
The contract extension follows Executive Chairman Nick Falloon exgreeing to step down.
“The board believes Grant is an outstanding television executive and we are delighted that he will continue to lead the television business,” Faloon said in a statement on Friday.
Blackley is a firm believer in TEN’s new News strategy and multichannel ONE, but James Packer is said to be concerned by the moves. Yesterday TEN confirmed that Don’t Stop Believing had been pulled from the 2011 schedule, but denied it was a result of pressure from new shareholders. By the end of the day it found brighter news for media, the renewal of Rush.
Lachlan Murdoch, who is in the process of buying half Packer’s 18 per cent stake in Ten, said he had confidence in Blackley: This is a positive announcement for the company and will provide continuity and stability, especially with the recent announcement that Nick Falloon will leave the Company in December.”
PBL Media boss David Gyngell this week appointed Jeff Browne as the new man to run the Nine Network.