Gordon’s top-up sealed Nine deal

Original article by Jake Mitchell
The Australian – Page: 23 : 18-Jan-16

Nine Entertainment Company will continue to receive 39 per cent of WIN Corporation’s advertising revenue under a six-month extension of their affiliation agreement. However, it is believed that Nine will receive an additional payment from Birketu, the private investment company of WIN owner Bruce Gordon. This will lift Nine’s share of its regional affiliate’s ad revenue to around 47 per cent.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, BIRKETU PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, CREDIT SUISSE (AUSTRALIA) LIMITED

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