Author: roymorgansocial

Client Liaison announce tour behind glossy new song The Real Thing

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Original article by Al Newstead
abc.net au – Page: Online : 1-Aug-19

Pop duo Client Liaison are going on tour to promote their new single ‘The Real Thing’, with tickets to go on sale from 2 August. The tour begins at the Grand Hotel in Mornington in Victoria on 17 October, and runs to 9 November. Client Liaison worked with producer Dann Hume on their new song, with Hann having also worked with them on their previous song, ‘Survival in the City’. Client Liaison member Monte Morgan has described ‘The Real Thing’ as "more pop than we’ve ever been".

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US Fed rate cut gives Reserve Bank cover

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Original article by Vesna Poljak, Luke Housego
The Australian Financial Review – Page: 1 & 31 : 2-Aug-19

Andrew Canobi of Franklin Templeton says the US Federal Reserve is still widely tipped to announce two further interest rate cuts over the next year. However, he says the central bank is likely to pursue less aggressive monetary policy easing than had been recently forecast, after chairman Jerome Powell signalled that the rate cut on 1 August will not be the start of "a long series of rate cuts". The more hawkish tone from the Federal Reserve will be welcomed by the Reserve Bank of Australia, as it should reduce any upward pressure on the Australian dollar.

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UNITED STATES. FEDERAL RESERVE BOARD, FRANKLIN TEMPLETON ASSET MANAGEMENT LIMITED, RESERVE BANK OF AUSTRALIA

Facebook needs years to regain trust

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Original article by Zoe Samios
The Australian – Page: 19 : 2-Aug-19

Facebook’s chief marketing officer Antonio Lucio has conceded that it will take years for the social media giant to regain the trust of consumers and advertisers in the wake of a series of scandals. He has told the AdWeek conference that trust is built through "very meaningful action" rather than mere words. Meanwhile, Facebook executive Ime Archibong says the company still has much work to do to address some consumer concerns, including how it deals with hate speech.

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FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UNITED STATES. FEDERAL TRADE COMMISSION

15.5 million Australians read newspapers in print or online

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Aug-19

Roy Morgan has released the latest readership results for Australian newspapers, for the 12 months to June 2019. Now 15.5 million Australians aged 14+ (75) read or access newspapers in an average seven-day period via print or online, a fall of 3.7 per cent from a year ago. The standout performer over the past year is ‘The Australian Financial Review’, which increased its total cross-platform readership by 15.8 per cent to 1,587,000; this was driven by a substantial increase in its digital audience (up by 23.5 per cent to 1,337,000). ‘The Sydney Morning Herald’ is still Australia’s most widely-read masthead, with a cross-platform audience of 4,125,000, down 3.6 per cent from a year ago. Meanwhile, ‘Good Weekend’ remains Australia’s most widely-read newspaper inserted magazine, with print readership of 916,000 (down 19.6 per cent over the last year). These are the latest findings from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with 1,000 Australians each week and over 50,000 each year.

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ROY MORGAN LIMITED

Magazine readership up year on year at over 15.2 million

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Aug-19

Roy Morgan has released the Australian Magazine Readership report for the 12 months to June 2019. A total of 15,227,000 Australians aged 14+ (73.7 per cent) now read magazines in print or online, up 1.2 per cent from a year ago. Readership of print magazines is just over 13.5 million Australians (65.2 per cent), down 1.3% from a year ago. Twelve of Australia’s top 20 magazines grew their print readership over the past year, with six of the leading titles growing their readership by at least five per cent. The free ‘Coles Magazine’ remains the most widely-read print magazine, with a readership of 4,763,000 per issue (up 4.4 per cent), while ‘Better Homes & Gardens’ remains the most widely-read paid magazine with 1,572,000 million readers. Meanwhile, Taste.com.au remains the best-read magazine title across print and digital formats, with a total cross-platform audience of more than 3.2 million (up 1.6 per cent). These are the latest findings from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with 1,000 Australians each week and over 50,000 each year.

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ROY MORGAN LIMITED

Price spike powers new gold rush

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 44 : 1-Aug-19

Australia’s gold production is expected to reach a record $22bn in 2019-20, amid a surge in the price of the precious metal in local dollar terms. Arete Capital has resumed production at the historic Stawell gold mine in Victoria, which was mothballed in 2016. The private equity firm bought the mine when gold was trading at around $1,600 an ounce, compared with more than $2,000 an ounce at present. Meanwhile, rising output at Kirkland Lake Gold’s Fosterville mine has prompted renewed interest in the state’s gold sector.

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ARETE CAPITAL PARTNERS PTY LTD, KIRKLAND LAKE GOLD LIMITED – ASX KLA, SHAW AND PARTNERS LIMITED, VANECK SECURITIES, AUSTRALIAN BUREAU OF STATISTICS

Telstra behind high NBN prices

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Original article by Supratim Adhikari
The Australian – Page: 17 & 27 : 1-Aug-19

Telstra CEO Andy Penn has used a National Press Club speech to call for NBN Co to reduce the wholesale prices that it charges for accessing the national broadband network. He argued that the current wholesale prices means it is not profitable for telcos to resell NBN services, and that reducing these charges would encourage investment in the sector. However, Andrew Sheridan of Optus argues that the high wholesale prices are at least partly due to NBN Co’s ongoing payments to Telstra. Vodafone CEO Inaki Berroeta agrees with his comments.

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TELSTRA CORPORATION LIMITED – ASX TLS, NBN CO LIMITED, SINGTEL OPTUS PTY LTD, VODAFONE AUSTRALIA LIMITED

New Foxtel streaming to follow Kayo

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Original article by Max Mason
The Australian Financial Review – Page: 17 : 1-Aug-19

Foxtel CEO Patrick Delany continues to downplay speculation that the pay-TV group intends to launch a non-sports streaming video service. Kayo Sports has been a huge success since its launch in November 2018, with 209,000 paying subscribers in early May. Delany says Foxtel is continuing to look at streaming options for its non-sport content; the mooted drama and entertainment streaming service is known internally as ‘Project Jupiter’.

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FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Bring global giants to heel on tax

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Original article by Olivia Caisley
The Australian – Page: 5 : 1-Aug-19

Labor senator and former union official Tony Sheldon says the federal government should follow the example of other nations and ensure that multinational companies pay their "fair share" of tax in Australia. Sheldon also used his maiden speech in parliament to urge the government to take action to ensure that gig economy workers are entitled to superannuation and a fair rate of pay.

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AUSTRALIAN LABOR PARTY, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, UBER TECHNOLOGIES INCORPORATED, GOOGLE INCORPORATED, FOODORA AUSTRALIA PTY LTD, DELIVEROO AUSTRALIA PTY LTD, TRANSPORT WORKERS’ UNION

Back door to access data deliberately left open

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Original article by Mark Schliebs
The Australian – Page: 4 : 1-Aug-19

The federal government’s Telecommunication Interception and Access Act is under growing scrutiny amid revelations that a wide range of agencies are bypassing it to access Australians’ metadata. The data retention laws authorise 21 government agencies to access metadata without a warrant, but many other agencies are doing so via the Telecommunications Act. The Department of Home Affairs has indicated that this loophole was intentional, and that non-authorised agencies can access metadata on grounds other than law enforcement and national security.

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AUSTRALIA. DEPT OF HOME AFFAIRS, COMMUNICATIONS ALLIANCE LIMITED, AUSTRALIAN LABOR PARTY, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIA. PARLIAMENTARY JOINT COMMITTEE ON INTELLIGENCE AND SECURITY