UPDATE 10:30am 12/10/12: Southern Cross Austereo, the parent company of 2DayFM,
released a statement Monday saying Greig and Christian's show had been
terminated and there would be a company-wide suspension of prank calls. The DJs
themselves remain suspended.
Earlier Posting...
Investors wiped $46 million from the value of 2Day FM's parent company, Southern Cross Media Group, as fury over the royal phone prank scandal grew, according to a story at heraldsun.com.
The share market walloping came as major advertisers, including
Telstra and Coles, suspended lucrative advertising contracts in the wake of the
scandal, involving 2Day FM hosts Mel Greig and Michael Christian.
This is not the first time advertisers have fled the
broadcaster, which operates other stations including Fox and MMM.
Last year up to 23 advertisers pulled the plug after
presenter Kyle Sandilands made derogatory comments about a female journalist
from News Limited, publisher of the Herald Sun.
No comments:
Post a Comment