Author: roymorgansocial

‘Australians know there is no money tree’: Treasurer

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 12-May-20

Treasurer Josh Frydenberg will use his economic statement on 12 May to stress that there must be a limit to the federal government’s stimulus and assistance schemes, and they must eventually be wound back. Treasury has estimated that the government’s three-stage strategy to re-open the economy by July will boost GDP by $9.4bn a month and generate 850,000 jobs. However, Frydenberg will emphasise that this is dependent on Australians continuing to observe social distancing and hygiene measures.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY

15.6 million Australians are reading or accessing magazine content

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Original article by Roy Morgan
Market Research Update – Page: Online : 12-May-20

Roy Morgan’s Enhanced Cross-Platform Audience results for the three months of the March quarter 2020 show 15.6 million Australians are reading a print magazine or accessing magazine content online via websites, apps, or platforms such as Apple News in an average four weeks. This reach covers 74% of the Australian population aged 14+. Bauer Media’s ‘Now to Love’ online hub is viewed by over 2.7 million Australians in an average four weeks. Leading titles including Woman’s Day, Women’s Weekly, Good Health, TV Week and Take 5 can be accessed at ‘Now to Love’.

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ROY MORGAN LIMITED, BAUER MEDIA AUSTRALIA PTY LTD

Investors should brace for another sharemarket sell-off, warn analysts

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Original article by Euan Black
The New Daily – Page: Online : 12-May-20

The S&P/ASX200 has gained more than 20 per cent since 23 March, rebounding from a major sell-off in response to the coronavirus pandemic. Glenn Leese of TradingView cautions that the local bourse may retreat again; he notes that sharemarkets often rally after a big fall, only to incur an even larger slump. He adds that sharemarket crashes and corrections normally occur in a series of three waves, and the local market is currently experiencing its second wave.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, TRADINGVIEW

Coronavirus prompts regional migration trend as people seek simpler life

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Original article by Hannah Ross
The New Daily – Page: Online : 11-May-20

Real Estate Institute of New South Wales president Leanne Pilkington expects the COVID-19 pandemic will result in increased demand for rural and regional properties. Pilkington says the virus has made people realise how easy it is work from home, and that they do not need to live in big cities any more for their work. Regional and urban planner Bette O’Brien says regional economies will get the biggest benefit from a post-pandemic migration if people from all age groups relocate from urban areas.

CORPORATES
THE REAL ESTATE INSTITUTE OF NEW SOUTH WALES

Depression a $5bn hit to productivity

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Original article by Simon Benson
The Australian – Page: 2 : 11-May-20

Sydney University’s Brain & Mind Centre has carried out modelling on the national wealth impacts of COVID-19. The Centre’s modelling indicates up to $5 billion in productivity could be lost as a result of an impending mental health crisis linked to mass unemployment. Centre director Ian Hickie says Australia’s mental ‘wealth’ was four per cent of GDP prior to the COVID-19 outbreak, and that Australia faces its biggest loss of that national wealth since the Great Depression if effective action is not taken as soon as possible.

CORPORATES
UNIVERSITY OF SYDNEY. BRAIN AND MIND RESEARCH INSTITUTE

News Corp in talks to sell off regional papers

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Original article by Leo Shanahan
The Australian – Page: 19 : 11-May-20

Australian Community Media may be poised to acquire some or all of News Corp Australia’s regional and community newspapers. ACM already owns a large portfolio of regional newspapers, and it is said to have been holding talks with News Corp about a deal for some time. Both companies have put the print editions of some mastheads on hold due to the coronavirus pandemic. News Corp is expected to retain some regional mastheads, including the ‘NT News’ if a deal proceeds.

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

China cereal killer threat

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Original article by Phillip Coorey, Brad Thompson
The Australian Financial Review – Page: 1 & 4 : 11-May-20

China is threatening to impose tariffs of over 80 per cent on Australian barley, with the federal government given 10 days to argue why they should not be imposed. China’s threat comes after an 18-month investigation into allegations that Australia was dumping its barley in China. Farmers and grain grower groups have consistently maintained the investigation was politically motivated, while Australia has not ruled out the possibility of taking China to the World Trade Organisation over the dispute. The Chinese market was worth just under $600 million to Australian barley farmers in 2019.

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WORLD TRADE ORGANIZATION

Roy Morgan releases Enhanced Cross-Platform Audience results for Newspapers & Magazines

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Original article by Roy Morgan
Market Research Update – Page: Online : 11-May-20

In this ‘digital first’ view of the media landscape Roy Morgan on Friday released its latest cross-platform audience results for Australian newspapers and magazines for the period January – March 2020. Roy Morgan’s audience numbers also include the first set of Apple News audience measurement numbers for the Australian market. In the March quarter of this year an estimated 19.3 million (92%) Australians aged 14+ read or accessed newspapers or newspaper content in some way – print editions, online via website, app or news platforms (including metropolitan, local and regional titles) in an average four weeks. This includes an estimated 16.4 million (78%) reading or accessing metropolitan titles. Some 15.6 million (74%) Australians aged 14+ read or accessed a magazine or magazine content. Most read or accessed is The Sydney Morning Herald with a cross-platform audience of 8.1 million and followed by its Melbourne stablemate The Age with a cross-platform audience of 5.4 million Australians in an average 4 week period in the March quarter. News Corp’s Daily Telegraph is in third place with a cross-platform audience of 4.7 million in front of its Melbourne counterpart the Herald Sun which now has a cross-platform audience of 4.3 million Australians. Click these links to see all the latest March quarter 2020 Enhanced Cross-Platform Audience results for Newspaper Cross-Platform Audiences at http://www.roymorgan.com/industries/media/readership/cross-platform-audiences-newspapers and Magazine Cross-Platform Audiences at http://www.roymorgan.com/industries/media/readership/cross-platform-audiences-magazines.

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ROY MORGAN LIMITED

Recovery rapid but jobs must be saved

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Original article by Simon Benson
The Australian – Page: 5 : 11-May-20

A new report from Deloitte Access Economics forecasts that the coronavirus pandemic will reduce national income by 10 per cent, which equates to nearly $200bn. The firm also expects income tax revenue to fall by $14bn in 2020 and $37bn in 2021, and warns that the unemployment rate may not return to five per cent until 2024. Deloitte also expects the Australian economy to recover from the pandemic more quickly than other countries. Treasurer Josh Frydenberg will release an economic statement on the coronavirus on 12 May.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY

Price collapse burying 31pc of coal mines

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Original article by Peter Ker
The Australian Financial Review – Page: 14 & 16 : 11-May-20

The coronavirus pandemic has resulted in a sharp fall in demand from major thermal coal buyers such as Japan and India. This has in turn seen the price of top quality coal from New South Wales and Queensland falling by 27 per cent and 30 per cent respectively. Rory Simington of Wood Mackenzie estimates that about 31 per cent of Australia’s thermal coal exports are unprofitable at current prices. He adds that a significant proportion of Australia’s coal output is sold via long-term contracts. However, the recent price falls will eventually flow through to future contracts.

CORPORATES
WOOD MACKENZIE