Top News Corp exec moves into MCN role

Pippa Chambers
By Pippa Chambers | 12 July 2018
Stacey Brown

News Corp CFO Stacey Brown is the new chairperson of Multi Channel Network (MCN).

Brown replaces Patrick Delany in the role, who moved aside when he became Foxtel CEO in January, succeeding Peter Tonagh.

News Corp confirmed Brown assumed role of chair of MCN about a month ago, but no external or formal announcement was made.

In addition to Brown being across MCN activities, AdNews understands that News Corp's general manager of network strategy, Rachel Savio, who reports to News Corp MD of national sales Lou Barrett, is also working closer with MCN.

News Corp says Savio is "sharing her sales insights and knowledge with MCN colleagues", while some sources comment that she may be looking at more of a wider review of the business.

News Corp owns a majority stake in MCN, with Network Ten owning 24.99%.

Following CBS acquisition of Ten, it remains to be seen what happens in relation to Ten and MCN's relationship.

Last month News Corp quashed rumours of cost-cutting office move measures and any senior exits at its majority stake-owned ad sales house MCN.

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