Daily Mail Australia profitable by September, claims Nine CEO
Nine Entertainment CEO David Gyngell has said this morning that he expects the company’s digital joint venture with Daily Mail Australia to be profitable by September.
Today during a media call on the company’s half year results Gyngell said in a response to a analyst question about the venture that he anticipated the venture which Nine owns 50 per cent of, to be profitable by the first quarter of next financial year.
The statement comes after earlier this year it was reported in The Australian that the agreement between Nine’s digital arm Mi9 and The Daily Mail was renegotiated with the commission fee of on sales in the existing contract was revised down.
It was also reported that Nine had agreed to invest more money in the digital operation.
More pathetic wishful thinking journalism from The Australian which has a digital audience a fraction of the size of the Daily Mail’s.