Author: roymorgansocial

Ten in the picture as new WIN partner

roymorgansocial Leave a comment

Original article by Jake Mitchell
The Australian – Page: 21 : 30-Mar-16

WIN Corporation CEO Andrew Lancaster is believed to have held talks with executives from Ten Network regarding an affiliation agreement. The regional broadcaster had negotiated a six-month extension to its content supply deal with Nine Entertainment Company at the end of 2015. The timing of the 2016 federal election and the subsequent fate of proposed cross-media ownership reforms are likely to force regional TV networks to secure new affiliation deals.

CORPORATES
WIN CORPORATION PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Mining sector backs 20pc company rate

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 29-Mar-16

A report produced by Canadian academic Jack Mintz has concluded that Australia’s corporate tax rate is uncompetitive, and proposes a progressive reduction from 30 per cent to just 20 per cent. The report was commissioned by the Minerals Council of Australia. The Federal Government’s May 2016 Budget is widely tipped to include a reduction in the company tax rate.

CORPORATES
MINERALS COUNCIL OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

How the soggy cereal conquered a kingdom

roymorgansocial Leave a comment

Original article by Angus Grigg
The Australian Financial Review – Page: 1 & 6 : 29-Mar-16

Sanitarium is the latest Australian company to enjoy success in the Chinese market. The company’s Weet-Bix breakfast cereal has been exported to China for eight years, but sales momentum has gathered pace in the last 2.5 years and China has become the biggest export market for Weet-Bix. Meanwhile, Adelaide-based Coopers Brewery is benefiting from the growing demand for craft beers in China, which is now the company’s biggest market in Asia.

CORPORATES
SANITARIUM HEALTH FOOD COMPANY, COOPERS BREWERY LIMITED, 31JIU, FOSTER’S GROUP LIMITED, BLACKMORES LIMITED – ASX BKL, SEVENTH DAY ADVENTIST CHURCH, DAXUE CONSULTING, RESERVE BANK OF AUSTRALIA

Floating LNG gets a sinking feeling

roymorgansocial 1 Comment

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 29-Mar-16

Tri-Zen International’s Tony Regan says recent decisions to shelve two floating LNG projects is disappointing. Floating LNG technology was once regarded as a good alternative to costly onshore gas projects. However, Woodside Petroleum has abandoned plans to develop the Browse project using Shell’s floating LNG technology, while the partners in Indonesia’s Abadi gas project have also dropped plans to use the technology. Woodside will look at alternative floating LNG solutions.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, TRI-ZEN INTERNATIONAL PTE LTD, INPEX CORPORATION, EXXONMOBIL CORPORATION, BERNSTEIN RESEARCH

Networks up ante on cricket TV rights

roymorgansocial Leave a comment

Original article by Jake Mitchell
The Australian – Page: 23 & 25 : 28-Mar-16

The Nine Network’s current five-year deal broadcasting rights deal for international cricket matches played in Australia is worth $A450m. Some experts believe that the next rights deal could be worth around $A700m, while broadcasting rights for the domestic Twenty20 competition could potentially top $A50m after the ratings success during the 2015-16 summer. Meanwhile, TV networks are looking at options for offsetting the ratings impact of rain-affected matches.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, CRICKET AUSTRALIA, TEN REN TEA (AUSTRALIA) PTY LTD, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN OPEN TENNIS, INTERNATIONAL CRICKET COUNCIL, FOX SPORTS AUSTRALIA PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, FOXTEL MANAGEMENT PTY LTD, NATIONAL RUGBY LEAGUE, AUSTRALIAN FOOTBALL LEAGUE, DENTSU AEGIS MEDIA AUSTRALIA PTY LTD, OPTIMUM MEDIA DIRECTION PTY LTD, THE A LEAGUE PTY LTD

Woolworths turns back on Homebrand

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 29-Mar-16

Australian-listed Woolworths will drop the Homebrand name for its entry-level range of private label products. The branding will be phased out in favour of the similarly-priced Essentials brand, in order to counter the widely-held view that the generic products of rivals Coles and Aldi offer better quality. Homebrand was launched in 1983, and currently features a much broader range of products than the Essentials range. About $A1.4bn worth of Homebrand products are sold each year.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, CAPILANO HONEY LIMITED – ASX CZZ, BEECHWORTH HONEY

Netflix halo effect dulls Foxtel lustre

roymorgansocial Leave a comment

Original article by Dominic White
The Age – Page: 23 : 28-Mar-16

A survey by Canstar Blue shows that Netflix has the highest rating in terms of overall customer satisfaction among Australian users of subscription-based TV services. Netflix received five out of five stars, while Foxtel received just three stars. It is estimated that Netflix has gained more than one million customers since launching in Australia in March 2015. A key challenge for Foxtel is the fact that even its entry-level package costs more than a Netflix subscription.

CORPORATES
NETFLIX INCORPORATED, FOXTEL MANAGEMENT PTY LTD, CANSTAR BLUE PTY LTD, STAN ENTERTAINMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, CBS CORPORATION, SHOWTIME, NBC UNIVERSAL INCORPORATED, WALT DISNEY COMPANY, FOX SPORTS AUSTRALIA PTY LTD, SINGTEL OPTUS PTY LTD, ENGLISH PREMIER LEAGUE

Quantity is not quality in media revamp

roymorgansocial Leave a comment

Original article by Greg Hywood
The Australian Financial Review – Page: 39 : 29-Mar-16

Fairfax Media’s latest round of redundancies will not affect its commitment to quality journalism. Fairfax currently boasts more than 700 journalists across its publications, including 520 at its three flagship newspapers. In contrast, "The Australian Financial Review" boasted just 25 journalists in 1976. Analysis shows that many articles published by Fairfax are read by only a handful of people, so the media group will use its editorial restructure to focus on stories that are of most interest to consumers.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, MELBOURNE PRESS CLUB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NEW SOUTH WALES. INDEPENDENT COMMISSION AGAINST CORRUPTION, ESSENDON FOOTBALL CLUB

PM seeks deal to avoid DD election

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 29-Mar-16

The Australian Government requires the support of at least six crossbench senators for its industrial relations reforms to be passed by the upper house. Prime Minister Malcolm Turnbull has asked Family First Party’s Bob Day to intervene and persuade the other crossbenchers to negotiate with the Government. Turnbull has indicated that he is willing to broaden the legislation to address corruption in sectors other than the construction industry in order to avert a double dissolution election.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, FAMILY FIRST PARTY AUSTRALIA LIMITED, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. OFFICE OF THE GOVERNOR-GENERAL, NEW SOUTH WALES. INDEPENDENT COMMISSION AGAINST CORRUPTION, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Scott says ABC must tackle ‘too narrow’ editorial focus

roymorgansocial Leave a comment

Original article by Gina Rushton
The Australian – Page: 2 : 29-Mar-16

ABC MD Mark Scott says any cut in funding for the public broadcaster in the Australian Government’s May 2016 Budget could result in job losses and a reduction in content. He adds that a funding cut would result in a 10 per cent reduction in the ABC’s news budget. Scott, who will shortly step down after a decade in the role, also says the ABC has "strong editorial standards" but must ensure that it provides sufficiently broad editorial coverage.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION