Seven counting on Kinging
Fisher upped at Aussie docu-distribbery
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Kinging joined Seven in 1957 and rose to the rank of program director before retiring in 1994. Since then, he has served as the company's program acquisitions consultant.
The appointment came as the Australian Bureau of Statistics released comparative data showing that in fiscal 1997-98, Seven's profit fell 28% to A$84 million ($53 million), compared with ratings leader Kerry Packer's Nine hiking 22% to $112 million and the low-rated CanWest-backed Network Ten jumping 16% to $122.5 million on revenue increases of 5%, 12% and 5%, respectively.
A key reason for Seven's profit drop was a 3% hike in local programming costs.
Separately, Robert Fisher has been appointed chairman of Australian government documentary producer-distribbery Film Australia. Fisher, whose terms runs until June 2001, is chief exec of the First Australian Completion Bond Co.
