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Domain chief to fix culture

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Original article by Dana McCauley
The Australian – Page: 17 & 28 : 20-Feb-18

Property listings group Domain Holdings has posted a 2017-18 interim loss of $A3.4m. It was Domain’s first result since it was spun off by Fairfax Media, and the company’s interim earnings before significant items fell eight per cent to $A24.7m on a pro forma basis. Domain is undertaking a global search for a new CEO, and executive chairman Nick Falloon says the successful applicant will be required to address the corporate culture issues that led to the resignation of former CEO Antony Catalano.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, FAIRFAX MEDIA LIMITED – ASX FXJ, REVIEW PROPERTY, CITIGROUP PTY LTD, TEN NETWORK HOLDINGS LIMITED

SEEK’s reinvestment delivers record revenue

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 15 : 20-Feb-18

Online job advertisements group SEEK has posted a 2017-18 interim underlying net profit of $A112.1m, which is 21 per cent higher than previously. It has advised that full-year profit is expected to be at the higher end of its previous forecast of $A225m to $A230m. Group revenue for the first half rose by 27 per cent to a record $A628m; its Australia and New Zealand division’s revenue rose 15 per cent and its international unit’s revenue was up 10 per cent. Shareholders will receive an interim dividend of $A0.24 per share.

CORPORATES
SEEK LIMITED – ASX SEK, BRASIL ONLINE HOLDINGS, ONLINE CAREER CENTER MEXICO SA DE CV

Catalano conduct raised two years ago

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Original article by Joyce Moullakis, Aaron Patrick
The Australian Financial Review – Page: 7 : 8-Feb-18

Sources have alleged that Domain Holdings’ human resources department had received a complaint about the conduct of former CEO Antony Catalano in early 2016. Amongst other things, a Domain executive is said to have lodged a complaint about Catalano’s behaviour, the "blokey" culture at the property listings group and the promotion of a female intern to a permanent position. Catalano is said to have been aware of the complaint and subsequently asked the executive to leave, although sources within Domain claim that this was due to performance reasons.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, FAIRFAX MEDIA LIMITED – ASX FXJ

Domain dives as Catalano quits

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Original article by Darren Davidson
The Australian – Page: 15 & 24 : 23-Jan-18

The market capitalisation of property listings group Domain Holdings was slashed by $A420m on 22 January, after the sudden resignation of CEO Antony Catalano sparked a sharp fall in its share price. The stock closed 17.2 per cent lower at $A2.75 as investors pondered the reason for Catalano’s departure just two months after Domain was spun off by Fairfax Media. Independent director Greg Ellis has been touted as a potential successor to Catalano. He currently heads Scout24 in Germany and he is a former CEO of Domain rival REA Group.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, FAIRFAX MEDIA LIMITED – ASX FXJ, SCOUT24 HOLDING GMBH, REA GROUP LIMITED – ASX REA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CITIGROUP PTY LTD, TPG CAPITAL LP, HELLMAN AND FRIEDMAN, ONTARIO TEACHERS’ PENSION PLAN

Fairfax finds a friend on Google

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Original article by Darren Davidson
The Australian – Page: 19 : 13-Dec-17

Fairfax Media has indicated that a deal for Google to sell and market programmatic advertising across the newspaper publisher’s websites will have limited impact on its sales team. Meanwhile, Fairfax CEO Fairfax chief executive Greg Hywood says the deal may allow the media group to increase its investment in journalism. Google is believed to be holding discussions with other media companies regarding similar partnerships. Fairfax already uses Google’s Ad Exchange program to sell online advertising inventory.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, GOOGLE INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GROUPM COMMUNICATIONS PTY LTD, WPP PLC

Mag ads in Vogue despite Instagram hype

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Original article by Dana McCauley
The Australian – Page: 26 : 11-Dec-17

The University of South Australia’s Professor Byron Sharp says traditional forms of advertising are still more effective than social media marketing. This is demonstrated by the fact that fashion designer Kristian Chase generated just two online sales of a swimsuit that two Instagram influencers promoted, despite the fact that one post attracted about 11,000 "likes". In contrast, Chase generated sales of nearly 700 in one month by placing a full-page advertisement for the swimsuit in the print edition of "Vogue" magazine.

CORPORATES
UNIVERSITY OF SOUTH AUSTRALIA, INSTAGRAM LLC, FACEBOOK INCORPORATED, ACQUA BLUE, HEAVEN SWIMWEAR, TRIBE HOLDINGS LIMITED

Ad spend to slow, but still grow, next year

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 11-Dec-17

IPG Mediabrands has forecast that advertising revenue in Australia will rise by 2.9 per cent in 2018, following 3.2 per cent growth in 2017. Spending on advertising is expected to top $A16bn in 2018, with the digital advertising sector forecast to be worth $A9bn. Expenditure on linear TV advertising is expected to fall by four per cent, while digital video advertising is tipped to grow by 21.7 per cent as traditional TV networks continue to expand their streaming video presence. Print advertising revenue is forecast to fall by more than 20 per cent.

CORPORATES
IPG MEDIABRANDS, MAGNA

YouTube pervert lure galls ad chiefs

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Original article by Darren Davidson
The Australian – Page: 26 : 27/11/2017

GroupM’s chief digital officer John Miskelly says Google needs to be more proactive about monitoring videos on its YouTube subsidiary. His comments follows an investigation that revealed commercials being placed next to videos of young children, with some of the videos drawing lewd remarks from sexual perverts. Some marketers have withdrawn their commercials from YouTube as a result, including Diageo, Mars and Adidas.

CORPORATES
GROUPM COMMUNICATIONS PTY LTD GOOGLE INCORPORATED YOUTUBE INCORPORATED DIAGEO PLC ADIDAS-SALOMON AG MARS INCORPORATED WPP PLC DENTSU AEGIS MEDIA AUSTRALIA PTY LTD SKY NEWS ALPHABET INCORPORATED

Fairfax shareholders back Domain spin-off

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Original article by Max Mason
The Australian Financial Review – Page: 17 : 9-Nov-17

Some 99.89 per cent of votes cast at a scheme meeting of Fairfax Media shareholders were in favour of the proposal to demerge Domain and list it on the sharemarket. Domain CEO Antony Catalano says it is right time to float the property listings business, adding that he is fully prepared for his new role as the head of a listed company. Fairfax will retain a 60 per cent stake in Domain, with the balance of the stock to be distributed to the media group’s existing shareholders.

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

Ogilvy’s secret to spotting fake news

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Original article by Stephen Brook
The Australian – Page: 26 : 6-Nov-17

Sam Tatam, a behavioural strategy director with Ogilvy Change is to give a keynote speech at the upcoming Public Relations Institute of Australia conference. His address, "Powerful Ideas and Influence", will look at how the public relations industry can best get its messages across in the current climate of fake news. Tatam says people tend to trust information if they feel that large numbers of other people also trust it, while being honest about something that has previously being hidden also helps to engender trust.

CORPORATES
OGILVY CHANGE, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, PUBLIC RELATIONS INSTITUTE OF AUSTRALIA