PBL Media chief executive Ian Law is set to be replaced by Nine boss David Gyngell, according to a media report.
The Australian newspaper's website reported on Tuesday that the management changes come as PBL Media - which owns the Nine television network and Australia's largest magazine publisher ACP - prepares for a $5 billion-plus stock market float next year.
PBL Media is owned by private equity company CVC, which acquired the company from James Packer over 2006-08.
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Mr Gyngell's future has been subject to speculation since good mate James Packer paid $280 million for an 18 per cent stake in Ten Network Holdings Ltd late last month, the Australian said.
The website reported that Mr Gyngell would retain his current role as chief executive of television broadcaster Nine Network Australia.
