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Satisfaction up for discount department stores

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jul-18

A Roy Morgan Single Source survey shows that 87.3% of customers of Australian discount department stores were satisfied in the year to May 2018, an increase of 0.6% over the previous 12 months. Kmart and Target had the highest customer satisfaction rating (both on 88.2%). Kmart improved by 0.7% over the last 12 months and Target was up by 0.6%. They were followed by Costco (87.0%), Big W (86.6%), Best & Less (86.0%), Target Country (84.8%) and Harris Scarfe (83.3%). The only stores to decline in satisfaction over the last 12 months were Harris Scarfe (down 5.2% points) and Costco (down 2.1% points). Roy Morgan’s "Discount Department Store Satisfaction Report" is based on in-depth interviews conducted face-to-face with over 50,000 Australians per annum in their own homes.

CORPORATES
ROY MORGAN LIMITED, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, COSTCO WHOLESALE AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, BEST AND LESS PTY LTD, TARGET COUNTRY, HARRIS SCARFE HOLDINGS LIMITED

Godfreys’ 99-year-old owner plans to fight back

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Original article by Simon Evans
The Australian Financial Review – Page: 13 & 18 : 6-Jul-18

Vacuum cleaner retailer Godfreys Group will be delisted on 6 July, following its purchase by Arcadia Financial for just $13.5 million. Arcade Finance is controlled by John Johnston, who joined Godfreys in 1936. Johnston told Godfreys CEO John Hardy during a recent meeting that he thinks Godfreys should be making more use of social media. Godfreys had a 40 per cent share of the $3 billion vacuum cleaner market in 2006, but Hardy thinks it is now down to 18 per cent.

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, ARCADE FINANCE PTY LTD, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, THE GOOD GUYS, BARBEQUES GALORE PTY LTD, SUPER A-MART PTY LTD, LE CORNU LEWIS HANCOCK

Hold your tongue, staff told by ABC news boss

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Original article by Stephen Brook
The Australian – Page: 4 : 6-Jul-18

ABC presenters Jon Faine and Phillip Adams are among the public broadcaster’s employees who will address rallies organised by lobby group ABC Friends. The rallies are being held in response to the funding cuts that were announced in the Federal Government’s May 2018 Budget. The ABC’s director of news, Gaven Morris, has issued a memo to staff advising them not to engage in the political debate concerning the broadcaster.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, ABC FRIENDS

Foxtel targets cricket in streaming push

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Original article by Max Mason
The Australian Financial Review – Page: 19 : 3-Jul-18

Foxtel is said to be aiming to launch its direct-to-consumer sports streaming video service in early November, to coincide with the start of its cricket coverage. The new service is tipped to have separate branding to distinguish it from other Foxtel products, and is part of the pay-TV group’s push to increase its market penetration. Foxtel’s broadcasting rights deal with Cricket Australia includes exclusive streaming rights.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, CRICKET AUSTRALIA, FOXTEL NOW, FOXTEL GO, FOXTEL PLAY, PRESTO ENTERTAINMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, SINGTEL OPTUS PTY LTD, HBO

Calls for Netflix to back local content

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Original article by Dana McCauley
The Australian – Page: 24 : 2-Jul-18

Screen Producers Australia has used its submission to the competitive neutrality inquiry into public broadcasting to push for local content quotas to be extended to streaming video providers. It noted that Netflix has a larger library of Australian content on its US platform than it offers to local subscribers. SPA has called for government intervention to ensure that local content producers are not disadvantaged, while it has also urged legislative action to protect content producers against unfair contracts with regard to broadcasting and streaming rights.

CORPORATES
SCREEN PRODUCERS AUSTRALIA, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), NETFLIX INCORPORATED, AMAZON PRIME VIDEO, CBS CORPORATION, DELOITTE ACCESS ECONOMICS PTY LTD

Feud for thought: Grant Denyer takes home gold at the Logies

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Original article by Michael Idato
The Age – Page: Online : 2-Jul-18

Family Feud host Grant Denyer has won the 2018 Gold Logie, despite the game show having been axed. Ray Meagher and Jessica Marais won the awards for the most popular actor and actress at the 60th annual TV Week Logie Awards, while "Wentworth" won the award for the most popular drama program. Meanwhile, subscription video-on-demand provider Stan won its first Logie, with "Romper Stomper" taking out the award for the most outstanding miniseries or telemovie. The Nine Network’s "60 Minutes" was inducted into the Logie Hall of Fame.

CORPORATES
TEN NETWORK HOLDINGS LIMITED, FOXTEL MANAGEMENT PTY LTD, STAN ENTERTAINMENT PTY LTD, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS)

Ten looks local to weather cricket loss

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Original article by Dana McCauley
The Australian – Page: 24 : 2-Jul-18

UBS forecasts that Australia’s free-to-air TV advertising market will record growth of 1.5 per cent in 2018-19. The firm says elections at federal and state level will boost the ad revenue of the Seven and Nine networks. Meanwhile, UBS figures show that the Ten Network’s share of ad revenue fell sharply during the first half of 2018. Ten intends to ramp up its local content after losing the Big Bash League broadcasting rights, with a number of new shows set to debut in the second half.

CORPORATES
UBS HOLDINGS PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, CBS CORPORATION, BIG BASH LEAGUE, CRICKET AUSTRALIA

Optus lets SBS simulcast rest of World Cup

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Original article by Jennifer Duke
The Age – Page: 5 : 29-Jun-18

Optus CEO Allen Lew says the telco is confident that it has resolved the technical issues that plagued its live streaming coverage during the first week of the FIFA World Cup. However, Optus has agreed to allow SBS to broadcast all remaining matches in the tournament, including ones that were initially to have been exclusive to Optus Sport. SBS MD Michael Ebeid notes that the public broadcaster’s World Cup coverage has attracted eight million viewers to date. Meanwhile, Tunisia has won 2-1 against Panama in the latest World Cup match.

CORPORATES
SINGTEL OPTUS PTY LTD, SPECIAL BROADCASTING SERVICE (SBS), WORLD CUP, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, ENGLISH PREMIER LEAGUE

Court tells Wilson to pay back $4.2m

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Original article by Michael Pelly
The Australian Financial Review – Page: 2 : 28-Jun-18

Victoria’s Court of Appeal has ordered Hollywood star Rebel Wilson to pay 80 per cent of the legal costs that Bauer Media incurred in its appeal against her landmark defamation payout. Wilson had initially been awarded a record $A4.7m, which Bauer paid in September 2017. This was subsequently reduced to just $A600,000 plus interest on appeal, and Wilson has been ordered to repay more than $A4.1m.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, COURT OF APPEAL (VICTORIA)

Disney, Fox agree on $97bn merger

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Original article by Keach Hagey, Erich Schwartzel
The Australian – Page: 24 : 22-Jun-18

Walt Disney Company CEO Bob Iger has ruled out a deal with Comcast to carve up the entertainment assets of 21st Century Fox. Sources have indicated that Fox and Disney are finalising the terms of the latter’s $US71.3bn ($A96.8bn) cash and scrip deal, which has trumped Comcast’s $US65bn cash bid. Fox shareholders are expected to emerge with about 19 per cent of the enlarged Disney via the revised deal, compared with around 25 per cent under its previous scrip-only offer.

CORPORATES
21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, COMCAST CORPORATION, FOX NEWS, FOX BROADCASTING COMPANY, COWEN AND COMPANY, MOODY’S INVESTORS SERVICE INCORPORATED, S&P GLOBAL RATINGS, NETFLIX INCORPORATED, SKY PLC, STAR INDIA, HULU LLC