Marks, who presided over the transformation of Nine from a legacy TV group into a broadcast, publishing and digital player through the acquisition of newspaper giant Fairfax, will depart at the end of the month. He resigned following revelations that he was in an intimate relationship with a former member of staff.
“Under Mike’s leadership, Nine will be able to maintain the strong momentum it has built in audience, subscribers, content, revenue and earnings,” Nine chairman Peter Costello said at a presentation on Wednesday. “Mike is well placed to continue to drive Nine’s transformation as a digitally led business which is actively adapting to meet the contemporary media consumption habits of Australians.”
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