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Seven and Ten battle it out for top sports bragging rights

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Original article by John Stensholt
The Australian Financial Review – Page: 3 : 16-Jan-17

The Ten Network’s coverage of the Big Bash League will directly compete with the 2017 Australian Open in prime-time on the Seven Network. A total of nine BBL matches will clash with the Australian Open coverage, compared with just four in 2016. Seven has also launched a paid digital service to complements its free-to-air coverage of the Australian Open, while highlights will also be streamed via Twitter.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, BIG BASH LEAGUE, AUSTRALIAN OPEN TENNIS, TWITTER INCORPORATED, KIA MOTORS AUSTRALIA PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DAVIDE CAMPARI-MILANO SPA, WILLIAM HILL AUSTRALIA PTY LTD, BLACKMORES LIMITED – ASX BKL

Fairfax’s NZ arm a shadow of old self

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Original article by Daniel Palmer
The Australian – Page: 16 : 13-Jan-17

The New Zealand division of Fairfax Media has posted a loss of $NZ95.3m for 2015-16, compared with a profit of $NZ21.9m in 2014-15. The latest financial result was marred by an impairment charge of $NZ106.8m, which included an additional writedown of $NZ66.8m in the value of its mastheads. The Commerce Commission is slated to make a final ruling on Fairfax NZ’s proposed merger with NZME in April, although it signalled in a draft determination that it is likely to block the deal.

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FAIRFAX MEDIA LIMITED – ASX FXJ, FAIRFAX NEW ZEALAND LIMITED, NZME LIMITED – ASX NZM, APN NEWS AND MEDIA LIMITED – ASX APN, NEW ZEALAND. COMMERCE COMMISSION, NEW ZEALAND. COMPANIES OFFICE

Fifield turns to crossbench support to force media reform over the line

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Original article by Max Mason
The Australian Financial Review – Page: 18 : 12-Jan-17

The Australian Government’s cross-media ownership bill was passed by the lower house in November 2016. However, the support of cross-benchers may be crucial to the Government’s chances of the bill being passed by the Senate. The Australian Labor Party opposes abolition of the "two out of three rule", but the majority of cross-benchers are said to be generally supportive of the bill in its present form. Cross-benchers may seek some compromises in negotiations with the Government.

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AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY, NICK XENOPHON TEAM

Christmas sales hope after November slip

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Original article by Patrick Commins
The Australian Financial Review – Page: 18 : 11-Jan-17

Data from the Australian Bureau of Statistics shows that retail spending in November 2016 was 0.2 per cent higher than October in seasonally-adjusted terms. Economists had expected growth of 0.4 per cent in November, after sales rose by 0.5 per cent in October. Meanwhile, economists note that anecdotal evidence suggests that retail sales improved in December.

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AUSTRALIAN BUREAU OF STATISTICS, CAPITAL ECONOMICS LIMITED, RBC CAPITAL MARKETS, JP MORGAN AUSTRALIA LIMITED

Red Bull TV, Ten Network to air revived Tropfest short-film event

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Original article by Max Mason
The Australian Financial Review – Page: 15 : 11-Jan-17

The 25th Tropfest short film festival will be streamed live to a global audience via the web-based Red Bull TV. The five-day festival will commence on 7 February 2017, and the Ten Network will broadcast the 16 finalist films on channel Eleven. SBS had previously held the free-to-air broadcasting rights for Tropfest, which will be held at Parramatta Park for the first time. Tropfest’s future had been in doubt in late 2015, when the event encountered financial problems.

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TROPFEST PTY LTD, RED BULL TV, RED BULL GMBH, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SPECIAL BROADCASTING SERVICE (SBS), ERNST AND YOUNG

Festive joy for Myer, JB Hi-Fi

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Original article by Jessica Gardner
The Australian Financial Review – Page: 14 : 6-Jan-17

Australian retailers recorded solid sales during Christmas. Citi analysts have found that department store Myer and electronics retailer JB Hi-Fi performed particularly well. Wesfarmers’ Target and Harvey Norman used discounting to entice shoppers to their stores. In their 2016-17 profit estimates, Citi analysts are optimistic about Myer and pessimistic about OrotonGroup and Specialty Fashion.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, TARGET AUSTRALIA PTY LTD, GOOD GUYS, CITI AUSTRALIA PTY LTD, OROTONGROUP LIMITED – ASX ORL, SPECIALTY FASHION GROUP LIMITED – ASX SFH, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES

Minister accuses ABC of ‘fake news’

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Original article by Stephanie Peatling
The Age – Page: 5 : 23-Dec-16

The ABC has been accused of being biased in its coverage of Adani’s Carmichael coal mine project in Queensland. Resources & Northern Australia Minister Matt Canavan said on 22 December 2016 that the ABC’s reports were "nothing but fake news". Canavan claims that the coalmine would have beneficial impact on the environment in central Queensland.

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AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN BROADCASTING CORPORATION, LIBERAL-NATIONAL PARTY OF QUEENSLAND

ACCC expresses initial concerns about PMP and IPMG proposed merger

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Original article by
The Australian Competition & Consumer Commission – Page: online : 22-Dec-16

The Australian Competition & Consumer Commission (ACCC) is concerned that the proposed merger between PMP and IPMG may "substantially lessen" competition in the supply of heatset web offset printing. The ACCC expressed its concerns in a Statement of Issues, released on 22 December 2016. ACCC chairman Rod Sims notes that the merger would result in a reduction in the number of significant suppliers in the sector of catalogue and magazine printing from three to two. The final decision is expected to be made on 23 February 2017.

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AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PMP LIMITED – ASX PMP, THE INDEPENDENT PRINT MEDIA GROUP PTY LTD, IVE GROUP LIMITED – ASX IGL, THE FRANKLIN PRESS PTY LTD, AIW PRINTING PTY LTD

A-League soccer strikes record $346m TV deal with Fox

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Original article by John Stensholt
The Australian Financial Review – Page: 2 : 21-Dec-16

Fox Sports has secured a six-year deal to broadcast the A-League, as well as matches featuring the Socceroos and the Matildas. The pay-TV group will pay $A310m for the broadcasting rights, plus $A36m in contra advertising. The deal is worth about $A58m a year, although Football Federation Australia had been hoping to gain around $A80m a year. FFA has yet to secure a free-to-air broadcaster for soccer matches, but CEO Geoff Gallop says the major networks have expressed interest.

CORPORATES
FOX SPORTS AUSTRALIA PTY LTD, FOOTBALL FEDERATION AUSTRALIA LIMITED, THE A LEAGUE PTY LTD, SOCCEROOS, MATILDAS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CRICKET AUSTRALIA, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, ADARA PARTNERS, NIELSEN SPORTS AUSTRALIA