Tory Maguire has been appointed managing director of Nine’s publishing division, which houses mastheads The Sydney Morning Herald, The Age and The Australian Financial Review.
Maguire is currently executive editor of The Sydney Morning Herald, The Age, The Brisbane Times and WA Today. Her promotion follows the resignation of James Chessell in December after two-and-a-half years in the role.
The company has not appointed a new executive editor for the mastheads, with a search ongoing.
In appointing her to Nine’s leadership team, chief executive Mike Sneesby called Maguire a great executive who has overseen renewal across the metro mastheads, with a record in making tough and brave calls about public interest journalism.
“We welcome her to this role and look forward to her contribution to the success of our business,” Sneesby said.
Maguire called her two years at the helm of the metro mastheads the highlight of her career, offering a close-up view of the work that goes into producing Australia’s best journalism.
“The opportunity to throw myself into growing the business behind that journalism is thrilling. Our mastheads are a vital player in Australian society as well as a thriving commercial operation, and I am very optimistic about their future.”
Maguire joined The Sydney Morning Herald and The Age in 2018 as national editor, leading federal politics, business, world and environmental coverage across the papers, and was appointed executive editor upon Chessell’s promotion.
Previously founding editor-in-chief of HuffPost Australia, she joined the mastheads after the co-venture with Fairfax Media ended in late 2017. Before joining HuffPost, Maguire held a number of roles at News Corp Australia.
The managing director role is responsible for the commercial performance of the three mastheads. In the most recent financial year, publishing and digital contributed $575.2 million in revenue, down 3 per cent on the year prior, with earnings down 8 per cent to $164.7 million, owing to a softer advertising market.
This equates to about 21 per cent of Nine’s total revenue for the fiscal year, which totalled $2.7 billion, while earnings equated to about 28 per cent.
Total subscription revenue grew by 3 per cent, with more than 460,000 active subscribers now across The Sydney Morning Herald, The Age and The Australian Financial Review.
Source: Thanks smh.com