APN News and Media Limited
(ASX:APN) has appointed Michael Miller as its new CEO and announced he will earn a base salary of $1.2 million.
Mr Miller is currently the regional director for News Ltd in NSW and has been in senior executive roles at News Ltd since 1997.
Chairman of APN Peter Cosgrove says Mr Miller’s experience in publishing, digital, broadcast and sports businesses would be of significant benefit to APN.
The media company is re-engineering its publishing operations in Australia and New Zealand, with a view to expanding its digital business.
APN says it also plans to develop new products under Mr Miller’s leadership.
APN posted a net loss of $432 million for its 2012 financial year.
