Nine Entertainment hits over 3-mth high; AFR reports ex-Foxtel exec to join

Nine Entertainment Holdings

07/01/2025 02:35

** Shares of Australia's Nine Entertainment  NEC.AX  rise as
much as 5.2% to A$1.32
    ** Stock set to hit its highest level since late Sept, 2024
    ** The Australian Financial Review (AFR), a masthead that
Nine publishes, reports that former News Corp  NWSA.O -owned
Foxtel executive Amanda Laing is set to be appointed to a role
for broadcast operations at NEC
    ** Laing’s appointment would mark her return to the media
giant where she was managing director until 2017 - AFR
    ** NEC gained as much as 2.4% on Monday after Tanarra
Capital, run by fund manager John Wylie, took an undisclosed
stake in Nine according to an AFR report
    ** NEC dropped 38.9% in 2024

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))