Snippets – Bite sized news

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We have added a new category called news snippets. This will be a continual round up of all of the happenings in the industry. We will NOT be sending this out with our regular subscriber emails as we do not want to annoy you too much with an over supply of emails 🙂

This Week REA CEO departs:
Jamie Pride (CEO of the REA Group) departed suddenly (don’t they all) from REA during the week only to be replaced (a little too quickly) by Jeremy Phillips.

Jeremy is currently Executive Vice President, Office of the Chairman, at News Corporation (tell me what the this title means), which owns a 60.7% stake in REA Group through its subsidiary News Limited. It is getting a little boring all these people departing and being replaced by News Ltd peeps, so what I may do in the future is just give a monthly round up of people summoned to nondescript hotels and given their marching orders.

Error: Please note, Jamie is not replaced by Jeremy – Jeremey is now REA Group Director. I don’t know what that role does, but maybe he is in charge of Hotel bookings. Thanks for all your comments and corrections.

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  • Insider
    Posted March 4, 2009 at 11:50 pm 0Likes

    Peter, where have you got that Jeremy Phillips is replacing Jamie Pride as the CEO for Australia?

  • Mike Breeze
    Posted March 5, 2009 at 7:00 am 0Likes

    You spelt Jamie’s name wrong. You named his position incorrectly. Your news of his replacement is completely false.

    This category would be better named ‘scuttlebutt’.

  • scott
    Posted March 5, 2009 at 9:33 am 0Likes

    An article in Digital News yesterday stated Jeremy is joining the REA Board.
    It did not indicate he would, in any way, be part of the day to day operations of REA.

    Article is here: http://www.digital-media.net.au/Article/Digital-gun-160-joins-REA-board/469861.aspx

  • Robert Simeon
    Posted March 5, 2009 at 9:43 am 0Likes

    Maybe REA have decided that they don’t need a replacement CEO afterall. All they are doing at present is losing good people and re-shuffling the deck chairs. CEO’s these days don’t appear to have any longevity of employment at REA. Or possibly the position would be better defined as Chief Exit Officer 🙂

  • Corrector
    Posted March 9, 2009 at 8:58 pm 0Likes

    REA’s current CEO is Greg Ellis, the successor to Simon Baker. Jamie was the GM of the Australian business.

  • Sal Espro
    Posted March 10, 2009 at 3:10 pm 0Likes


    So, after all that, it seems that some News Ltd/REA folks are pretty sensitive, doesn’ t it. Peter’s overall take-out message doesn’t seem to have been rejected anywhere officially, that I know of 🙂
    Would someone at REA like to confirm what has actually occurred instead of nitpicking the minor details here.

    (Had to chuckle at Jeremy Philips being referred to as a ‘digital pioneer’. *L* “He was the co-founder of ecorp, the original holding company for ebay Australia, ninemsn and Ticketek.” That’s hardly being a digital pioneer. Perhaps yet another painful ‘expert’ consultant at McKinsey (with S Baker perhaps?), Bain and Co etc who sold-in a ‘me too’ to Oz rather than create some value for us – A businessman perhaps but not a digital pioneer!)

    Ps Anyone like to ask J Philips:
    1. Where to now for Ninemsn? (Now that it’s an irrelevent, non-top-10 portal)
    2. who is going to pay a $squillion for Myspace now that Uncle Rupert has said he can’t see how they can make $money out of it?

    Too long-in-the-tooth,

  • snoop
    Posted March 10, 2009 at 5:35 pm 0Likes

    Bought ecorp at 8 bucks recommended by some twit at goldman sacks who said worth 12.00
    I think I sold for a buck!!

  • Sal Espro
    Posted March 11, 2009 at 12:49 pm 0Likes

    That’s korreck Snoop, (and partly my point wrt REA etc)

    The “some twit at goldman sacks who said worth 12.00”, wasn’t M Turnbull, was it?! *L* 🙂

  • snoop
    Posted March 12, 2009 at 11:04 am 0Likes

    As gooder broker as he is a leader of the opposition!!!

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