Author: roymorgansocial

Jobs go as Ten closes 10 Daily website

roymorgansocial Leave a comment

Original article by Lilly Vitorovich
The Australian – Page: 15 : 19-May-20

The Ten Network has advised that its 10 Daily news and entertainment website will be discontinued as part of the network’s integration with US parent company ViacomCBS. About 20 jobs are expected to be lost due to the closure of 10 Daily, although it is uncertain as to whether the broader integration strategy will result in more job cuts at Ten. ViacomCBS Australia’s chief content officer Beverley McGarvey has stressed the need for Ten to be "platform-agnostic".

CORPORATES
TEN NETWORK HOLDINGS LIMITED, VIACOMCBS INCORPORATED

Powell’s equities lift: we’re not out of ammo

roymorgansocial Leave a comment

Original article by David Rogers
The Australian – Page: 20 : 19-May-20

The Australian sharemarket has been bolstered by encouraging comments from US Federal Reserve chairman Jerome Powell. He indicated that there is "almost no limit" to the central bank’s monetary stimulus in response to the coronavirus pandemic; Powell has also forecast that the US economy will steadily recover during the second half of 2020, in the absence of a second wave of virus infections. The Federal Reserve’s balance sheet has increased by 67 per cent to $US6.93trn since February, although the central bank has been winding back its quantitative easing program since mid-March.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX

Australians continue to drink less alcohol

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 19-May-20

New data from Roy Morgan’s Alcohol Consumption Report shows that 66.3% of Australians aged 18+ (13,073,000) consumed alcohol in an average four-week period in the year to March 2020, down from 67.5% (13,102,000) a year ago. Spirits was the only alcohol category whose consumption increased year-on-year, rising from 26.3% of Australians aged 18+ to 28.7%. Wine drinking decreased from 42.8% of the adult population to 41.0%, beer fell from 38.2% to 37.6% and cider dropped from 11.4% to 10.7%. Meanwhile, 65.4% of Australian drinkers agree that they ‘drink alcohol mostly at home’, with a greater proportion of men (67.3%) than women (63.5%) agreeing. Across age groups, it is drinkers aged 65+ who are most likely to agree that they ‘drink alcohol mostly at home’ (71.8%). They are followed by those aged 50-64 (70%), then 35-49 (67.2%), 25-34 (59.3%) and 18-24 (49.2%). The findings are from the Roy Morgan Single Source survey, derived from in-depth interviews with 50,000 Australians each year.

CORPORATES
ROY MORGAN LIMITED

World coalition backs Australia

roymorgansocial Leave a comment

Original article by Ben Packham
The Australian – Page: 1 & 6 : 18-May-20

The UK, New Zealand and Japan are among 62 nations that have agreed to support a motion calling for an independent inquiry into the origin of the coronavirus when the World Health Assembly meets on 18 May. Australia has led the push for an inquiry into the pandemic, and Foreign Minister Marise Payne stresses that international collaboration is needed so the world can prevent or respond to future pandemics. Meanwhile, President Donald Trump has indicated that the US may be prepared to restore its funding for the World Health Organization, although only the same amount of money that China contributes.

CORPORATES
WORLD HEALTH ASSEMBLY, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, WORLD HEALTH ORGANIZATION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Leaders push to retain national cabinet model for policy reform

roymorgansocial Leave a comment

Original article by Craig Johnstone, Matthew Denholm
The Australian – Page: 2 : 18-May-20

Several state leaders have praised the national cabinet model and expressed support for it to continue when the coronavirus crisis abates. Tasmanian Premier Peter Gutwein says Prime Minister Scott Morrison has been respectful in his dealings with state and territory leaders during the pandemic. Victorian Premier Daniel Andrews agrees that the national cabinet should continue in some form as priority shifts from responding to the health crisis to addressing its economic impact. Northern Territory Chief Minister Michael Gunner adds that the national cabinet has "shown the commonwealth at its best".

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TASMANIA. DEPT OF PREMIER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET, NORTHERN TERRITORY. DEPT OF THE CHIEF MINISTER

Green New Deal puts debt at 44pc of GDP

roymorgansocial Leave a comment

Original article by Tom McIlroy
The Australian Financial Review – Page: 4 : 18-May-20

Greens leader Adam Bandt has called on the federal government to lead Australia out of the COVID-19 crisis with a bold economic plan. The Greens will outline the strategies it believes are needed for Australia to recover from COVID-19 on 18 May; its plans include the construction of 500,000 new public housing properties and $59 billion to be spent on sustainable infrastructure. The Greens would guarantee anyone under the age of 30 employment, a training place or free higher education, while they are calling for the current JobSeeker rate of $1,115 per fortnight to be retained.

CORPORATES
AUSTRALIAN GREENS

NAB’s check on mortgage deferrals

roymorgansocial Leave a comment

Original article by Cliona O’Dowd
The Australian – Page: 13 & 15 : 18-May-20

The National Australia Bank announced in March that it would offer a six-month repayment reprieve to mortgage loan customers impacted by COVID-19, with 80,000 borrowers taking up its offer. It stated then it would wait for three months before contacting borrowers to see if they are able to start making payments again, but it has begun the process after just two months. All the other major banks have confirmed they will wait the three months before getting in touch with borrowers. A NAB spokesperson says it has commenced the process ahead of time to ensure it has got in contact with all relevant borrowers before the "three-month checkpoint". Recent figures from the Australian Banking Association reveal that 429,000 borrowers have sought a pause on their repayments since late March.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN BANKING ASSOCIATION

Whips cracking as Seven, Ten race for spring carnival deal

roymorgansocial Leave a comment

Original article by John Stensholt
The Australian – Page: 19 : 18-May-20

Seven West Media’s broadcasting rights deal for about 21 races in Victoria’s Spring Racing Carnival expires on 30 June. These races include the Cox Plate and ­Caulfield Cup. The Ten Network is believed to have expressed interest in gaining the rights to these race meetings, given that it already broadcasts the four-day Melbourne Cup Carnival. Racing Victoria wants to renew its deal with Seven, although there is a push within the state’s racing industry for it to consider a bid from Ten. Seven and Racing Victoria are also joint venture partners in the Racing.com free-to-air TV channel.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, RACING VICTORIA LIMITED, TEN NETWORK HOLDINGS LIMITED, RACING.COM

PM’s post-pandemic powerplay

roymorgansocial Leave a comment

Original article by Simon Benson
The Australian – Page: 1 & 4 : 18-May-20

Prime Minister Scott Morrison has stressed the need for greater workplace flexibility in the post-coronavirus environment, in order to boost the economy and get people back to work. He says that employers, workers, unions and government must co-operate in delivering the reforms that are needed in the wake of the pandemic. Morrison is optimistic that the union movement will continue to work constructively with the government, although he does not have similar expectations from Labor. Morrison adds that the immediate priority is to ensure that Australia does not face a second wave of coronavirus infections as lockdown restrictions are eased.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

News Corp regional strength is in Queensland whereas Australian Community Media is strongest in NSW/ACT

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 18-May-20

The latest Roy Morgan readership results show that News Corp’s regional newspaper strength is based in Queensland while regional newspaper rival Australian Community Media is strongest in New South Wales and the ACT. The two companies control the publishing industry in regional and rural Australia. There has been talk recently that the two brands would come together under one banner; however, in recent days News Corp has decided against selling its regional titles. News Corp’s leading regional titles include the Gold Coast Bulletin with a four-week print readership of 215,000, The Hobart Mercury (read by 171,000), the Townsville Bulletin (read by 129,000), the Geelong Advertiser (read by 127,000), the Cairns Post (read by 115,000) and the Northern Territory News (read by 56,000). ACM’s leading titles include the Newcastle Herald with a four week print readership of 246,000, the Illawarra Mercury (read by 154,000), Canberra Times (read by 151,000), the Launceston Examiner (read by 102,000) and The Advocate in Tasmania (read by 61,000). The best performing regional newspaper over the past year has been ACM-owned The Examiner, based in the Tasmanian city of Launceston, which increased its weekday average issue print readership by 14.3 per cent to 32,000. Meanwhile, the total cross-platform audiences of Australia’s leading regional titles in the March quarter were led by the Canberra Times with a total cross-platform audience of 1,052,000 in an average four weeks, ahead of The Hobart Mercury on 429,000 and the Newcastle Herald on 380,000.

CORPORATES
ROY MORGAN LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMMUNITY MEDIA