Sky News ramps up coverage

Original article by Lilly Vitorovich
The Australian – Page: Online : 21-Jan-19

The Sky News program ‘Paul Murray LIVE’ is to be broadcast from 10 regional locations in the leadup to the federal election, with the first program in the ‘Our Town, Our Show’ tour coming from Toowoomba on 20 February. Paul Whittaker, the CEO of Sky New’s parent company Australian News Channel, says the broadcasts will be an opportunity to hear the issues of importance to people living outside the big cities. As well as the Paul Murray tour, Sky News is to air new shows hosted by Chris Kenny and Peter Gleeson.

CORPORATES
SKY NEWS, AUSTRALIAN NEWS CHANNEL PTY LTD

Kogan blames Apple for dive in global sales

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 18 : 18-Jan-19

Kogan.com has reported revenue growth of 9.7 per cent for the first half of 2018-19. The listed e-commerce group’s private label and partner brand sales rose by 23.6 per cent and 92.8 per cent respectively, but sales of global brands fell by 47 per cent. Founder Ruslan Kogan notes that sales of Apple products fell sharply during the period, although sales of other global brand rose by 8.5 per cent. Kogan.com has also been affected by the federal government’s move to impose GST on goods purchased overseas that cost less than $1,000.

CORPORATES
KOGAN.COM LIMITED – ASX KGN, APPLE INCORPORATED, SAMSUNG ELECTRONICS COMPANY LIMITED, GOOGLE INCORPORATED, GARMIN LIMITED, AMAZON.COM INCORPORATED, BLOOMBERG LP, JB HI-FI LIMITED – ASX JBH, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF HOME AFFAIRS

Pollak sceptical about Disney’s deal with Fox

Original article by Natasha Gillezeau
The Australian Financial Review – Page: 18 : 18-Jan-19

Loftus Peak’s chief investment officer Alex Pollak has queried Disney’s decision to pay $US71.3bn ($97bn) for 21st Century Fox’s entertainment assets in 2018. He notes that both Disney and Fox largely generate their revenue streams from the sale of content to cable and pay-TV companies, but these sources of revenue are under increasing threat from video-on-demand services like Netflix. Pollak says Rupert Murdoch sold 21st Century Fox because he decided that it could not compete with companies like Netflix and Amazon.

CORPORATES
WALT DISNEY COMPANY, 21ST CENTURY FOX INCORPORATED, NETFLIX INCORPORATED, AMAZON.COM INCORPORATED, SEEK LIMITED – ASX SEK, CARSALES.COM LIMITED – ASX CAR, FAIRFAX MEDIA LIMITED, NEWS CORPORATION – ASX NWS, COMCAST CORPORATION, LOFTUS PEAK

Hayne gets blame for retail spending squeeze

Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 4 : 17-Jan-19

Australian retailers had mixed fortunes during the crucial Christmas shopping period, according to analysts. Data from ShopperTrak shows that shopping centres recorded a 12.2 per cent decline in customer traffic in December, including a 23 per cent fall in the week to December 30. Meanwhile, retail adviser James Stewart says factors such as falling house prices and tighter access to credit in the wake of the financial services royal commission are weighing on consumer spending. He adds that more retailers are likely to go into administration in 2019 following the recent collapse of clothing chain Ed Harry.

CORPORATES
SHOPPERTRAK INCORPORATED, ED HARRY MENSWEAR, MORGAN STANLEY AUSTRALIA LIMITED, MICHAEL HILL INTERNATIONAL LIMITED – ASX MHJ, KATHMANDU HOLDINGS LIMITED – ASX KMD, THE REJECT SHOP LIMITED – ASX TRS, KMART AUSTRALIA LIMITED, NONI B LIMITED – ASX NBL, THE PAS GROUP LIMITED – ASX PGR, WESFARMERS LIMITED – ASX WES, NOMURA AUSTRALIA LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY

Citi eyes value in beaten-down media sector

Original article by Lilly Vitorovich
The Australian – Page: 20 : 16-Jan-19

Citigroup has downgraded its 2018-19 earnings-per-share forecasts for listed media groups, including Nine Entertainment Company, Seven West Media and Southern Cross Media. The investment bank has also reduced its share price targets for these stocks, although its recommendations on Nine, Seven, Southern Cross and News Corporation have been upgraded.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NEWS CORPORATION – ASX NWS, HT&E LIMITED – ASX HT1, CITIGROUP PTY LTD, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA

Wesfarmers revamps Kmart after sales shock

Original article by Sue Mitchell
The Australian Financial Review – Page: 11 & 14 : 15-Jan-19

Wesfarmers has advised that same-store sales for its Kmart unit fell by 0.6 per cent in the first half of 2018-19. Wesfarmers stated that earnings from its department store division, which includes Kmart, would be down around seven per cent for the half-year. Wesfarmers MD Rob Scott said Kmart’s sales decline could be attributed to a range of factors, including lower demand for womenswear and its decision to no longer sell DVDs.

CORPORATES
WESFARMERS LIMITED – ASX WES, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, DEUTSCHE BANK AG, COSTA GROUP HOLDINGS LIMITED – ASX CGC, MORGAN STANLEY AUSTRALIA LIMITED, KATHMANDU HOLDINGS LIMITED – ASX KMD, QUADRANT ENERGY PTY LTD

Kia, ANZ, AGL and Uber Eats nab Nine’s Australian Open sponsorship packages

Original article by Max Mason
The Australian Financial Review – Page: 15 : 14-Jan-19

The ANZ, AGL, Uber Eats and Kia have been signed by Nine as "cornerstone advertisers" for its inaugural coverage of the Australian Open tennis. Other companies that have signed sponsorship packages with Nine include Blackmores, Bunnings and Chemist Warehouse. Nine took over the rights to broadcast the Australian Open from Seven in March 2018, ending a four-decade long relationship with Cricket Australia. Nine’s chief sales officer Michael Stephenson says that working with Tennis Australia has been "fantastic", and that the Australian Open is the best summer marketing platform for brands.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AGL ENERGY LIMITED – ASX AGL, UBER EATS, KIA MOTORS AUSTRALIA PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BLACKMORES LIMITED – ASX BKL, BUNNINGS GROUP LIMITED, CHEMIST WAREHOUSE, SEVEN NETWORK LIMITED, TENNIS AUSTRALIA

Today eyes comeback with fresh co-hosting combo

Original article by Lilly Vitorovich
The Australian – Page: Online : 14-Jan-19

Pete Bosilkovski, the joint CEO of advertising agency VMLY&R, has described as "brilliant" the decision by Nine to have two females co-hosting "Today". Bosilkovski says it will be the chemistry between Deborah Knight and Georgie Gardner that will determine how successful Nine’s decision is. The revamp of "Today" follows the axing of Karl Stefanovic as co-host in December after 14 years in the role, while it is the first time that two women have co-hosted an Australian TV breakfast show.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, VMLY&R, NBC UNIVERSAL INCORPORATED

ABC underpaid 2500 casual staff

Original article by Max Mason
The Australian Financial Review – Page: 8 : 11-Jan-19

The ABC will undertake a review into how it came to underpay around 2,500 casual employees over the last six years. The public broadcaster’s chief people officer Rebekah Donaldson says it has notified the Fair Work Commission about the issue, and that it is getting in contact with current and former casual employees who might have been affected. The underpayment error was brought to the ABC’s attention by the Community & Public Sector Union; the CPSU’s ABC section secretary Sinddy Ealy says it had been concerned for some time about the ABC’s over-reliance on and payment of casual staff.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. FAIR WORK COMMISSION, COMMUNITY AND PUBLIC SECTOR UNION, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, ACTU

Mogul Gordon grabs shares to increase stake in Nine

Original article by Max Mason
The Australian Financial Review – Page: 16 : 10-Jan-19

Australian businessman Bruce Gordon has lifted his direct stake in Nine Entertainment Company from 7.6 per cent to 8.9 per cent. Gordon has a total economic interest in Nine of about 13.4 per cent when a 4.5 per cent stake held via a cash-settled share swap is taken into account. Gordon’s stake in Nine had been diluted by its merger with Fairfax Media.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED, BIRKETU PTY LTD, DEUTSCHE BANK AG, APOLLO GLOBAL MANAGEMENT LLC