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Fellows moves house to global News Corp role

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Original article by Lilly Vitorovich
The Australian – Page: 21 : 16-Nov-18

REA Group is seeking a new CEO after Tracey Fellows resigned to become president of News Corporation’s digital real estate business. Fellows, who will be based in New York in her new role, has been CEO of REA since August 2014. Shares in REA have gained around 62 per cent during her tenure, and the real estate listings group recently posted strong growth in earnings and revenue for the first quarter of 2018-19. Fellows will remain on the board of REA, in which News Corp has a controlling stake.

CORPORATES
REA GROUP LIMITED – ASX REA, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, REALESTATE.COM.AU, IPROPERTY GROUP LIMITED, HOMETRACK, SMARTLINE HOME LOANS PTY LTD, MOVE INCORPORATED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIA POST, MICROSOFT CORPORATION, DELL TECHNOLOGIES INCORPORATED, IBM CORPORATION

Warburton looks for next challenge

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Original article by Max Mason
The Australian Financial Review – Page: 20 : 19-Oct-18

APN Outdoor Group will be delisted after the Federal Court approved the scheme of arrangement for its $1.2bn acquisition by JCDecaux. James Warburton has resigned as CEO APN Outdoor after 10 months in the role, and he will leave the outdoor advertising group on 31 October. He intends to seek another executive role, and says he has already received several approaches. APN Outdoor shareholders will receive $6.70 per share, including a special dividend of $0.30 per share.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, JC DECAUX SA, OOH!MEDIA LIMITED – ASX OML, ADSHEL PTY LTD, HT&E LIMITED – ASX HT1, FEDERAL COURT OF AUSTRALIA, SYDNEY TRAINS, NEW SOUTH WALES. ROADS AND MARITIME SERVICES, TRANSPORT FOR BRISBANE, SYDNEY AIRPORT – ASX SYD

Opera House’s Everest promotion ‘probably illegal’: trust

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Original article by Deborah Cornwall
The Australian – Page: 5 : 9-Oct-18

The New South Wales Government’s decision to allow advertising for the Everest horse race to be projected onto the Sydney Opera House’s sails continues to attract scrutiny. The NSW Heritage Trust’s conservation director Graham Quint suggests that the ads may be in breach of both the NSW Heritage Act and the federal Environment Protection and Biodiversity Act. He says the Heritage Act has clear guidelines for the projection of colours and images on the Opera House sails.

CORPORATES
SYDNEY OPERA HOUSE, NEW SOUTH WALES HERITAGE TRUST, NSW RACING PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Ex-media sales executive behind ad-ban campaign

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Original article by Darren Davidson
The Australian – Page: 1 & 2 : 14-Sep-18

Denise Shrivell has confessed to being behind a "influence campaign" to try to persuade advertisers to pull their business from Sky News. Shrivell has worked as a sales executive with both News Corp and Fairfax Media, and she currently runs a small consulting business called MediaScope. She says she has "strong personal views" about some of the content that Sky News airs. Shrivell has also been involved in similar campaigns against the Seven Network and broadcaster Alan Jones, while she has admitted to having contact with US internet activist Sleeping Giants.

CORPORATES
SKY NEWS,{SHARE}NEWS CORP AUSTRALIA PTY LTD,{SHARE}FAIRFAX MEDIA LIMITED – ASX FXJ,{SHARE}SLEEPING GIANTS,{SHARE}2GB,{SHARE}MEDIA SCOPE

Ironic tryst: TV benefits as tech giants spend to lift image

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Original article by Lilly Vitorovich, Stephen Brook
The Australian – Page: 24 & 26 : 27-Aug-18

Standard Media Index data shows that digital companies’ expenditure on TV advertising rose to $24.9m in 2017-18, an increase of 603 per cent. This includes digital disrupters such as Facebook and Google, but Nine Entertainment CEO Hugh Marks notes that all companies that are aiming to lift their digital audience have ramped up spending on TV advertising. Overall expenditure on TV advertising rose by 1.8 per cent to $1.98bn in the first half of 2018, with the free-to-air sector’s share of revenue up 3.81 per cent to $1.36bn.

CORPORATES
SMI MEDIA INCORPORATED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, TWITTER INCORPORATED, AMAZON.COM INCORPORATED, APPLE INCORPORATED, TRIVAGO PTY LTD, THINK TV, MORNINGSTAR PTY LTD, AIRBNB AUSTRALIA PTY LTD, AIRTASKER PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, BIG BASH LEAGUE, TEN NETWORK HOLDINGS LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, SEVEN STUDIOS PTY LTD

APN Outdoor finishes up with a profit jump

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Original article by Max Mason
The Australian Financial Review – Page: 21 : 24-Aug-18

APN Outdoor Group has posted a 2018 interim net profit of $17.8m, which is 13 per cent higher than previously. The outdoor advertising group has advised that it still expects underlying EBITDA of $92m to $96m for the full year, which is likely to be its last as a listed company after its acquisition by JC Decaux was cleared by the competition regulator. APN Outdoor CEO James Warburton has declined to comment on his future, but sources have indicated that he is likely to leave the company when the deal is completed.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, JC DECAUX SA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, OOH!MEDIA LIMITED – ASX OML, ADSHEL PTY LTD, HT&E LIMITED – ASX HT1, TEN NETWORK HOLDINGS LIMITED, SYDNEY TRAINS, NEW SOUTH WALES. ROADS AND MARITIME SERVICES, TRANSPORT FOR BRISBANE, SYDNEY AIRPORT – ASX SYD

Outdoor advertiser reaps growth rewards

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Original article by Stephen Brook
The Australian – Page: 27 : 21-Aug-18

Australian-listed oOh! Media has posted a 2018 interim net profit of $9.2m, which is three per cent higher than previously. The outdoor advertising group’s EBIT was up 11 per cent at $37.9m and revenue increased by 11 per cent to $192m. CEO Brendon Cook says oOh! Media will ramp up its investment in digital billboards and an online trading platform as part of its growth strategy. Shareholders will receive a fully franked interim dividend of $0.035 per share.

CORPORATES
OOH!MEDIA LIMITED – ASX OML, ADSHEL PTY LTD, HT&E LIMITED – ASX HT1, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, JUNKEE MEDIA PTY LTD, APN OUTDOOR GROUP LIMITED – ASX APO, JC DECAUX SA, QANTAS AIRWAYS LIMITED – ASX QAN

Domain sees considerable upside to proposed Fairfax-Nine merger

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Original article by Max Mason
The Australian Financial Review – Page: 13 : 14-Aug-18

Domain Holdings’ executive chairman Nick Falloon says the merger between Nine Entertainment Company and Fairfax Media will help to grow Domain’s business. Falloon is also the chairman of Fairfax, which owns 60 per cent of Domain. He notes that both Domain and Nine have lots of useful data that when combined would be of benefit to both businesses. The property listings company has a posted a statutory net loss of $6.2m for 2017-18, while revenue was 11.5 per cent higher at $357.3m.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

SEEK warns of flat profits, seeks loyalty

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Original article by Max Mason
The Australian Financial Review – Page: 11 & 14 : 7-Aug-18

Shares in employment classifieds and services company SEEK fell by 8.8 per cent on 6 August, after it announced a profit downgrade and writedown. SEEK will write down $178 million on its investments in Mexico and Brazil, while its expects its 2018-19 net profit after tax to be around the $200 million result it achieved in 2017-18. A survey of analysts by Bloomberg had forecast a 2018-19 result of $240 million. SEEK CEO Andrew Bassat notes that it is reinvesting revenue in preference to targeting profit growth; SEEK expects its 2018-19 revenue to grow by between 16 and 20 per cent.

CORPORATES
SEEK LIMITED – ASX SEK, BLOOMBERG LP, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, ZHAOPIN LIMITED

Backing for new Domain chief

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Original article by Darren Davidson
The Australian – Page: 23 : 4-Jul-18

Domain Holdings’ shares closed 0.63 per cent lower at $3.15 on 3 July, after the property listings group advised that Google Australia MD Jason ­Pellegrino will succeed Antony Catalano as CEO. Pellegrino will be paid $1.2m a year in his new role, plus a $500,000 sign-on bonus and $2m worth of Domain shares. Institutional investors are largely positive about his appointment, although some note his lack of experience in the real estate sector.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHG, FAIRFAX MEDIA LIMITED – ASX FXJ, GOOGLE AUSTRALIA PTY LTD, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED, LEGG MASON ASSET MANAGEMENT AUSTRALIA LIMITED, WILSON ASSET MANAGEMENT