Prank call pay bonus
For the year to June Mr Holleran's total remuneration included a base salary of $768,750 and bonus of $205,500.
His previous year's income was $1.3 million, including a larger bonus of $229,650.
Southern Cross Stereo - it says it creates Australia's "most awesome" content via radio, free-to-air TV networks, websites, mobile and events - reported a 5 per cent fall in revenue to $653.1 million.
It suspended all advertising on its 2Day FM radio station after a scandal involving the suicide of a British nurse, who was taken in by a prank call by presenters Mel Greig and Michael Christian. Pretending to be the Queen and Prince Charles, they phoned the hospital where the Duchess of Cambridge was being treated for a pregnancy-related illness.
Another host, Kyle Sandilands, was widely criticised for threatening to "hunt down" a journalist, and questioning a teenage sexual assault victim about her sexual experiences.
Frequently Asked Questions about this Article…
Rhys Holleran's total remuneration for the year to June was reported at $1.66 million, which included a base salary of $768,750 and a cash bonus of $205,500.
Yes. The company reported that Holleran received a cash bonus of $205,500 in the year to June, despite continued public anger over the prank call incident.
Southern Cross Austereo reported a 5% fall in revenue to $653.1 million for the year to June.
The company suspended all advertising on its 2Day FM radio station following the scandal linked to a prank call that preceded the suicide of a British nurse.
Presenters Mel Greig and Michael Christian made the prank call, reportedly impersonating the Queen and Prince Charles when they phoned the hospital where the Duchess of Cambridge was being treated for a pregnancy-related illness.
The article mentions another host, Kyle Sandilands, who was widely criticised for threatening to 'hunt down' a journalist and for questioning a teenage sexual assault victim about her sexual experiences.
Southern Cross Austereo describes itself as creating Australia's 'most awesome' content across radio, free-to-air TV networks, websites, mobile and events.
Investors may want to watch for reputational and commercial impacts highlighted in the article: a reported 5% revenue decline to $653.1 million, suspension of advertising on 2Day FM after a high-profile prank call and related fallout, and continuing scrutiny over executive pay such as the $1.66 million total remuneration for the CEO.
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