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$86bn bid for Fox ignites Disney fight

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Original article by Shalini Ramachandran, Erich Schwartzel
The Australian – Page: 25 : 15-Jun-18

US media group Comcast has offered $US35 per share for the bulk of 21st Century Fox’s entertainment assets, valuing its bid at about $US65bn ($A86bn). Fox has advised that it will "carefully review and consider" the cash bid, which has trumped Walt Disney Company’s scrip bid. The Disney offer is valued at $US29.18 per share based on Fox’s current share price. Fox would retain assets such as Fox News and its broadcast TV network if either bid succeeds.

CORPORATES
21ST CENTURY FOX INCORPORATED, COMCAST CORPORATION, WALT DISNEY COMPANY, FOX NEWS, FOX BROADCASTING COMPANY, AT&T CORPORATION, TIME WARNER INCORPORATED, HBO, CNN, WARNER BROS, BARCLAYS BANK PLC, NETFLIX INCORPORATED, HULU LLC, FACEBOOK INCORPORATED

Ruling will unleash new wave of tie-ups

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Original article by John Kehoe
The Australian Financial Review – Page: 10 : 14-Jun-18

Comcast’s proposed bid for the entertainment assets of 21st Century Fox is more likely to proceed after a US court approved AT&T’s deal to acquire Time Warner. Shares in Fox have rallied amid expectations that Comcast will trump Walt Disney Company’s $US52bn offer for the bulk of Fox’s assets. Media analyst Craig Moffett says the AT&T-Time Warner merger is likely to prompt further consolidation in the media sector.

CORPORATES
AT&T CORPORATION, TIME WARNER INCORPORATED, 21ST CENTURY FOX INCORPORATED, COMCAST CORPORATION, WALT DISNEY COMPANY, CNN, HBO, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF JUSTICE, STAR INDIA, HULU LLC, SKY PLC, VERIZON COMMUNICATIONS INCORPORATED, BTIG LLC, NETFLIX INCORPORATED, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED

Lithium processing in WA grows to five plants

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Original article by Brad Thompson
The Australian Financial Review – Page: 24 : 7-Jun-18

Neometals proposes to build a lithium hydroxide plant near Kalgoorlie, with an annual processing capacity of 10,000 tonnes. Should the project proceed, it will increase the potential lithium processing capacity in Western Australia to around 200,000 tonnes a year, given that four other plants have either been proposed or are under construction in the state. Neometals plans to source spodumene for the plant from the Mount Marion lithium mine. A final investment decision is expected in mid-2019.

CORPORATES
NEOMETALS LIMITED – ASX NMT, KIDMAN RESOURCES LIMITED – ASX KDR, SOCIEDAD QUIMICA Y MINERA SA, MINERAL RESOURCES LIMITED – ASX MIN, TIANQI LITHIUM CORPORATION, ALBERMARLE CORPORATION, MORGAN STANLEY AND COMPANY INCORPORATED, GLOBAL ADVANCED METALS PTY LTD, RESOURCE CAPITAL FUNDS, SUPREME COURT OF WESTERN AUSTRALIA, CITY OF KALGOORLIE-BOULDER

Kogan to push into whitegoods

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Original article by James Thomson
The Australian Financial Review – Page: 20 : 5-Jun-18

Online retailer Kogan.com aims to begin selling whitegoods and large kitchen appliances by the end of 2018. Founder and CEO Ruslan Kogan says the logistics aspects associated with the sale of such bulky items has made the whitegoods retail sector relatively immune to the challenges posed by online retailers, but he says it is "ripe for the picking". News of Kogan.com’s foray into whitegoods saw shares in established whitegoods retailers decline on 4 June, with Harvey Norman and JB Hi-Fi down 2.8 per cent and 3.7 per cent respectively.

CORPORATES
KOGAN.COM LIMITED – ASX KGN, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, JB HI-FI LIMITED – ASX JBH, THE GOOD GUYS

Nine, Sky plan free business channel

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Original article by Darren Davidson
The Australian – Page: 24 & 26 : 4-Jun-18

News Corp Australia and Nine Entertainment Company have declined to comment on reports that they are in talks to launch a free-to-air version of Sky News Business. They are believed to be negotiating a deal for Nine to acquire a 50 per cent stake in Sky News Business, which would replace one of Nine’s infomercial channels. The main Sky News channel recently secured an exclusive deal to provide content to WIN Corporation in regional areas.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SKY BUSINESS NEWS, SKY NEWS, WIN CORPORATION PTY LTD, AUSTRALIAN NEWS CHANNEL PTY LTD, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, SKY PLC, 21ST CENTURY FOX INCORPORATED, STAN ENTERTAINMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, FOXTEL MANAGEMENT PTY LTD

Fifield attacks ABC on independence

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Original article by Darren Davidson
The Australian – Page: 24 : 4-Jun-18

Communications Minister Mitch Fifield has made his sixth complaint to the ABC in just five months with regard to the public broadcaster’s news coverage. The latest complaint concerns the ABC’s reports on the selection of the date for five upcoming by-elections. Meanwhile, Fifield has stressed the need for the ABC to be impartial and independent, and argues that all media organisations in Australia should be open to feedback from politicians and the general public.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Myer brings forward winter sales

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Original article by Eli Greenblat
The Australian – Page: 17 & 28 : 29-May-18

Department store chain Myer is tipped to offer discounts of up to 70 per cent in its mid-season stocktake sale, which will begin on 29 May. French Connection, Bonds and Country Road are among the brands that will be heavily discounted in the stocktake sale, which has been launched earlier than usual due to an unseasonally warm start to the winter months. Grant Saligari of Credit Suisse notes that other retailers tend to begin discounting when one does so. David Jones is also tipped to launch its mid-season sale ahead of schedule.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, FRENCH CONNECTION, BONDS INDUSTRIES LIMITED, COUNTRY ROAD LIMITED, PIPER, WAYNE COOPER, MARCS, SPORTSCRAFT, CREDIT SUISSE (AUSTRALIA) LIMITED, DAVID JONES LIMITED, CITIGROUP PTY LTD

Sky News goes free-to-air for regions

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Original article by Darren Davidson
The Australian – Page: 24 & 26 : 28-May-18

Pay-TV channel Sky News Australia has secured a content supply deal with regional broadcaster WIN Corporation. Sky News hopes to attract new subscribers to its full suite of channels via the deal, which is believed to includes a revenue-sharing arrangement. WIN will broadcast selected content from Sky News and Fox Sports News on a new 24-hour news channel to be called Sky News on WIN. Sky News has also held preliminary discussions with Seven West Media regarding a program supply deal, and Sky News Business has held talks with Nine Entertainment Company.

CORPORATES
SKY NEWS, WIN CORPORATION PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN NEWS CHANNEL PTY LTD, FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED, MULTI CHANNEL NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, AUSTRALIAN BROADCASTING CORPORATION, SKY PLC

ABC to spend up big on digital ads

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Original article by Dana McCauley
The Australian – Page: 3 : 25-May-18

The ABC’s CFO Louise Higgins has revealed that the public broadcaster will allocate around $1.4m to advertising on Facebook during 2018, while its budget for Google’s AdWords will be about $A500,000. However, Higgins has rejected suggestions that the ABC is using taxpayers’ funds to compete with commercial TV networks. She also told a Senate estimates committee hearing that the ABC has an obligation to make consumers aware of the content it produces.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, LIBERAL PARTY OF AUSTRALIA

Aunty coy about how budget affects news

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

The ABC’s CFO Louise Higgins has warned that the Federal Government’s looming funding freeze will force the public broadcaster to decide which services it continues to provide. The three-year funding freeze announced in the May 2018 Budgets takes effect in mid-2019, and Higgins says the ABC will negotiate with the government in the interim. Meanwhile, SBS CEO Michael Ebeid says there is no scope for further joint cost-saving initiatives by the public broadcasters.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS