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Nine to make a loss on Ashes despite record commercial interest

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Original article by Arvind Hickman
Ad News – Page: Online : 16-Jan-18

The 2017-18 Ashes Test series has been a ratings hit for the Nine Network, whose coverage of the five-match series attracted 14.8 million viewers nationwide, including 10.4 million in the capital cities. Nine also expects its revenue from advertising and corporate sponsorship packages to be 15-17 per cent higher than in 2016-17, and 7-8 per cent higher than its Ashes coverage in 2013-14. However, Nine sales director Sam Brennan concedes that the network will book a loss on its cricket coverage when production costs and the cost of its broadcasting rights are taken into account.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, CRICKET AUSTRALIA, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, FOXTEL MANAGEMENT PTY LTD, SINGTEL OPTUS PTY LTD

Life yet in department stores says Macy’s exec

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Original article by Patrick Hatch
The Age – Page: 20 : 16-Jan-18

Terry Lundgren, the executive chairman of US department store chain Macy’s, says Australian retailers should aim to compete with Amazon by offering unique products and a unique shopping experience. Lundgren is upbeat about the outlook for department stores, and says they can survive by adapting their business models to reflect changes in the sector. Macy’s has scaled back its store numbers in recent years and opened discount outlets in some of its stores. Myer Holdings has adopted the same strategies in Australia.

CORPORATES
RH MACY AND COMPANY INCORPORATED, AMAZON.COM INCORPORATED, MYER HOLDINGS LIMITED – ASX MYR, BLOOMINGDALES, BLUEMERCURY, TJ MAXX, NATIONAL RETAILERS FEDERATION

Lithium prices to peak as local exports soar

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Original article by Peter Ker
The Australian Financial Review – Page: 16 : 16-Jan-18

Roskill MD Robert Baylis has warned of a looming oversupply of lithium as Australian producers ramp up output. Baylis notes that production of spodumene in particular is now much higher than global demand. Western Australia’s spodumene export volumes have risen by 84 per cent in recent years, with Tawana Resources, Altura Mining and Pilbara Minerals all set to open new mines in WA during the next six months. Baylis says it will take up to five years for global demand to catch up to supply.

CORPORATES
ROSKILL INFORMATION SERVICES, TAWANA RESOURCES NL – ASX TAW, ALTURA MINING LIMITED – ASX AJM, PILBARA MINERALS LIMITED – ASX PLS, MINERAL RESOURCES LIMITED – ASX MIN, GALAXY RESOURCES LIMITED – ASX GXY, NEOMETALS LIMITED – ASX NMT, GANFENG LITHIUM COMPANY LIMITED, UBS HOLDINGS PTY LTD, CRU, GLENCORE PLC

Long queue forming as Australian cricket rights go up for grabs

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Original article by John Stensholt
The Australian Financial Review – Page: 5 : 13-Jan-18

Cricket Australia expects all three free-to-air networks to bid for the Big Bash League broadcasting rights, with the Nine Network tipped to retain rights to Test and one-day international matches. Fox Sports could also bid for the cricket rights in partnership with a free-to-air network, while potential contenders for digital broadcasting rights are said to include Optus and YouTube. Cricket Australia is expected finalise a new rights deal by April.

CORPORATES
CRICKET AUSTRALIA, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED, CBS CORPORATION, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, FOX SPORTS AUSTRALIA PTY LTD, SINGTEL OPTUS PTY LTD, YOUTUBE INCORPORATED, GOOGLE INCORPORATED, BIG BASH LEAGUE, TELSTRA CORPORATION LIMITED – ASX TLS

Ex-councillor may sue over Doyle articles

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Original article by Clay Lucas, Miki Perkins
The Age – Page: 3 : 12-Jan-18

News Corp Australia has rejected claims that articles published in the "Herald Sun" about former Melbourne City councillor Tessa Sullivan were defamatory. Lord Mayor Robert Doyle has stood down pending the outcome of an investigation into Sullivan’s allegations of indecent assault and sexual harassment. Sullivan’s lawyers claim that the tone of the articles was intended to discredit her and sway public opinion in favour of Doyle.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, MELBOURNE CITY COUNCIL, NEWGATE COMMUNICATIONS PTY LTD, WISEWOULD MAHONY

Syrah’s battery hopes hit US hurdle

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 11-Jan-18

Australian-listed Syrah Resources is confident that it will be able to secure a new site for its proposed graphite beneficiation plant in the US. The South Tangipahoa Parish Port Commission has terminated Syrah’s lease over the site in New Orleans where it had proposed to build the plant, after local residents expressed concern about the plant’s potential impact on air and water quality. Syrah will consider other sites in the state of Louisiana, and it remains hopeful of achieving its previously-stated target for commencing production.

CORPORATES
SYRAH RESOURCES LIMITED – ASX SYR, SOUTH TANGIPAHOA PARISH PORT COMMISSION, INCITEC PIVOT LIMITED – ASX IPL, BHP BILLITON LIMITED – ASX BHP, HILL END GOLD LIMITED – ASX HEG

Hutchy’s merger with radio network

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Original article by Dana McCauley
The Australian – Page: 18 : 9-Jan-18

Australian-listed Pacific Star Networks has revealed plans to merge with TV and radio sports content group Crocmedia, which was co-founded by sports broadcaster Craig Hutchison. Crocmedia currently supplies content to Pacific Star Network’s sports-focused radio station in Melbourne, 1116 SEN. Hutchison will become CEO and MD of Pacific Star Network if the merger is approved by shareholders in March.

CORPORATES
PACIFIC STAR NETWORK LIMITED – ASX PNW, CROCMEDIA PTY LTD, SEN 1116 AM

Old cars saving radio, but it’s headed for disruption

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Original article by Jennifer Duke
The Age – Page: 8 : 2-Jan-18

Citi analyst David Kaynes says that radio could be the next traditional media sector to be "disrupted" by internet advertising. He says the reason that radio has remained relatively immune from "digital disruption" to date is the average age of Australian cars, with owners of older cars unable to access digital radio in their vehicles. Metropolitan radio stations currently generate around 70 per cent of their weekday revenue from the drive and breakfast shifts.

CORPORATES
CITI AUSTRALIA PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, 2DAY FM AUSTRALIA PTY LTD, KISS FM

Whateley pulls up ABC stumps and jumps ship to rival radio team

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Original article by Nicole Jeffery
The Australian – Page: 3 : 2-Jan-18

Radio personality Gerard Whateley has announced he is leaving the ABC to join Melbourne radio station SEN. Whateley will start with SEN on 29 January, and says the offer to join it was "irresistible". His duties at SEN will include hosting its morning program. Whateley joined the ABC in 2004, while he also hosts Fox Footy’s "AFL 360 program", a role in which he will continue. His announcement means he will not be part of the ABC’s broadcasting team for the upcoming Sydney Test match.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, SPORTS ENTERTAINMENT NETWORK PTY LTD, FOX FOOTY CHANNEL, CROCMEDIA, PACIFIC STAR NETWORK LIMITED – ASX PNW

Big ratings boost for the Big Bash

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Original article by John Stensholt
The Australian Financial Review – Page: 25 : 21-Dec-17

Nine Entertainment Company, the Ten Network and Fox Sports are likely to be the main bidders for the next Big Bash League broadcasting rights deal. The strong TV ratings for the first BBL match of the 2017-18 season should strengthen Cricket Australia’s bargaining power in negotiations for a new rights deal. Peak audience numbers for Ten’s coverage were 15 per cent higher than the corresponding match in 2016-17, while the Women’s BBL competition has also attracted strong TV ratings.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED, CBS CORPORATION, FOX SPORTS AUSTRALIA PTY LTD, BIG BASH LEAGUE, CRICKET AUSTRALIA