M6940 Advertising Services

Accenture paid $63m for The Monkeys

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Original article by Edmund Tadros
The Australian Financial Review – Page: 30 : 12-Jul-17

It has been revealed that a May 2017 deal for consulting firm Accenture to acquire Sydney-based creative agency The Monkeys was worth $A63m. The Monkeys posted a net profit of $A2.45m in 2015-16 and revenue of $A21.6m. The deal is part of a growing trend for consulting firms to diversify into the advertising and marketing sector. However, WPP Group’s Sir Martin Sorrell is among those to have questioned the merits of the deal given the different corporate cultures at Accenture and The Monkeys.

CORPORATES
ACCENTURE AUSTRALIA LIMITED, THE MONKEYS PTY LTD, WPP GROUP PLC, DELOITTE TOUCHE TOHMATSU LIMITED, PRICEWATERHOUSECOOPERS, ERNST AND YOUNG, KPMG, MAUD, TELSTRA CORPORATION LIMITED – ASX TLS, QANTAS AIRWAYS LIMITED – ASX QAN, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, McKINSEY AND COMPANY, ENVISION

Expansion takes REA into mortgage broking

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Original article by Michael Roddan
The Australian – Page: 21 : 28-Jun-17

Australian-listed REA Group will pay $A67m for an 80 per cent stake in mortgage broker Smartline. REA, which owns the realestate.com.au property listings business, has also established a partnership with National Australia Bank to provide mortgage broking services and realestate.com.au-branded home loans. REA forecasts that the acquisition of Smartline and the alliance with NAB will boost group revenue by $A26m to $A30m in fiscal 2018.

CORPORATES
REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, SMARTLINE HOME LOANS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CHOICE HOME LOANS

Campaign Monitor rocked by upheaval

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Original article by John McDuling
The Australian Financial Review – Page: 15 : 19-Jun-17

Alex Bard has resigned as CEO of email marketing services provider Campaign Monitor. He joined Campaign Monitor in 2014. The company, which is valued at $A600 million, has over two million customers. Bard has indicated that he plans to seek a career in venture capital. Meanwhile, it is understood that Campaign Monitor founders Dave Greiner and Ben Richardson stepped aside from their day-to-day involvement in the company some months ago.

CORPORATES
CAMPAIGN MONITOR PTY LTD, APPLE INCORPORATED, ADIDAS-SALOMON AG, VICE MEDIA INCORPORATED, MAILCHIMP, EXACTTARGET PTY LTD, SALESFORCE, INSIGHT VENTURE PARTNERS, ACCEL PARTNERS, DILIGENT CORPORATION, DIGITAL ROOM, ATLASSIAN CORPORATION PLC

Unlockd raises $30.7m, eyes key Asian markets

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Original article by Paul Smith
The Australian Financial Review – Page: 24 : 25-May-17

Unlockd CEO Matt Berriman says the mobile telephone advertising technology company will use the proceeds of its latest round of fund raising to expand its presence in the Asia-Pacific region. Venture capital firm Alium Capital and Malaysian telco Axiata are among the contributors to Unlockd’s series B funding round, which has raised $US23m (A$30.7m). Berriman has also indicated that Unlockd’s mobile advertising platform will be launched in several new markets in coming months.

CORPORATES
UNLOCKD PTY LTD, ALIUM CAPITAL, AXIATA, CITIBANK PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, CATCH-OF-THE-DAY.COM.AU

ACCC concerned about oOh!media merger plan

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Original article by Max Mason
The Australian Financial Review – Page: 30 : 5-May-17

The Australian Competition & Consumer Commission is scheduled to make a final decision on the proposed merger between oOh!media and APN Outdoor on 6 July. However, the ACCC’s statement of issues indicates that the regulator has concerns that the $A1.6bn deal would reduce competition in the out-of-home advertising sector. ACCC chairman Rod Simms notes that the combined entity would control more than 50 per cent of this market.

CORPORATES
OOH!MEDIA LIMITED – ASX OML, APN OUTDOOR GROUP LIMITED – ASX APO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, APN NEWS AND MEDIA LIMITED – ASX APN

Digital classifieds under the pump

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Original article by Stewart Oldfield
The Australian Financial Review – Page: 24 : 3-May-17

Deutsche Bank estimates that based on forecast earnings for 2018, online classified advertising companies REA Group, Seek and Carsales are trading at a 70 per cent premium to the broader industrial sector. However, while rising share prices have seen their combined market capitalisation top $A17bn, the three dominant players in real estate, jobs and automotive classifieds face potential headwinds, including competition from new and established rivals and a growing threat from social media companies such as Facebook.

CORPORATES
REA GROUP LIMITED – ASX REA, SEEK LEARNING PTY LTD, CARSALES.COM LIMITED – ASX CAR, DEUTSCHE BANK AG, FACEBOOK INCORPORATED, MORGANS FINANCIAL LIMITED, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, COX AUTOMOTIVE, AUTOTRADER, CARSGUIDE, MORGAN STANLEY AUSTRALIA LIMITED, MAVERICK STRATEGIES, CITIGROUP PTY LTD, MONSTER WORLDWIDE INCORPORATED, INDEED INCORPORATED, CAREERBUILDER, RANDSTAD HOLDINGS NV

Media companies next in line to feel full force of Amazon’s arrival

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Original article by Max Mason
The Australian Financial Review – Page: 12 : 27-Apr-17

Andrew McLeod of Morgan Stanley says Australian media groups as well as retailers are likely to be affected by Amazon’s entry into the domestic market. He says retailers accounted for 20-30 per of overall advertising expenditure in 2016, and competition from Amazon may prompt local retailers to reduce their ad spend. McLeod adds that retailers are among the biggest source of ad revenue for TV networks, and the "Amazon effect" could prompt some retailers to shift more of their ad spend from traditional media to online.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, JB HI-FI LIMITED – ASX JBH, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, AMAZON PRIME VIDEO, AMAZON WEB SERVICES LLC, AUDIBLE TECHNOLOGIES LIMITED

REA spends $70m on passage to India’s vast property market

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Original article by Daniel Palmer
The Australian – Page: 17 : 11-Jan-17

Australian-listed property listings company REA Group will lift its stake in PropTiger to 21 per cent after agreeing to pay $US50m ($A68m) for an additional 14.7 per cent stake in the company. PropTiger is one of India’s largest property listings groups, and its websites include proptiger.com and housing.com. REA, which owns realestate.com.au, recently flagged plans to focus on markets in Australia, Asia and North America.

CORPORATES
REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, PROPTIGER, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

APN calls for broad study of $1.6bn deal

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Original article by Jake Mitchell, Daniel Palmer
The Australian – Page: 21 : 15-Dec-16

The Australian Competition & Consumer Commission will undertake a public review of the proposed merger between APN Outdoor Group and oOh!Media. APN Outdoor chairman Doug Flynn argues that the ACCC should take into account the broader advertising market rather than focusing on the out-of-home segment. The $A1.6bn scheme of arrangement merger has the support of both companies’ boards, while it must also be approved by oOh!Media shareholders.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PERPETUAL LIMITED – ASX PPT, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, TWITTER INCORPORATED, SEVEN WEST MEDIA LIMITED – ASX SWM, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, UBS HOLDINGS PTY LTD, CADENCE ADVISORY, HIGHBURY PARTNERSHIP PTY LTD, MACQUARIE CAPITAL PTY LTD, MEDIAWORKS (NZ) LIMITED

Facebook in crosshairs of metrics war

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Original article by Darren Davidson
The Australian – Page: 23 & 25 : 12-Dec-16

The annual media CEO survey carried out by "The Australian" shows that media and advertising industry leaders agree that action is needed to address the recent audience measurement scandals at digital rivals such as Facebook. Many of the media CEOs stressed the importance of having such metrics audited by a third party, while some noted the fact that TV remains the best way to reach the largest audience.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, MULTI CHANNEL NETWORK PTY LTD, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, CARSALES.COM LIMITED – ASX CAR, REA GROUP LIMITED – ASX REA, IPG MEDIABRANDS, OMNICOM MEDIA GROUP AUSTRALIA PTY LTD, MEDIA FEDERATION OF AUSTRALIA, GROUPM COMMUNICATIONS PTY LTD, PUBLICIS MEDIA, HOYTS CINEMAS LIMITED, NOVA ENTERTAINMENT PTY LTD