News Corp. Appoints McLennan as CEO

Ten Network Holdings Ltd. (TEN) has appointed News Corp.’s Hamish McLennanas as CEO, replacing James Warburton. Russel Howcroft, Executive General Manager, Network Ten, will act as CEO until Mr McLennan joins TEN on 18 March, 2013.

In February of 2012 Hamish McLennan was appointment to the position of Non-Executive Director on the REA Group Board; he will remain as chairman of REA Group Ltd. (REA).

McLennan said: “TEN is a media business with a strong balance sheet and excellent staff. I look forward to leading TEN through a period of creative renewal and financial growth.”

TEN Chairman, Lachlan Murdoch, said: “The Board would like to thank James Warburton for his hard work and contribution during what has been a difficult period for the Company and for the broader media sector. He steps down with TEN’s best wishes.”

Referring to McLennan, Murdoch said: “The Board is delighted to have been able to attract a world class CEO with a strong track record to lead TEN.”

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