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Seven reaps advertising gold

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Original article by Darren Davidson
The Australian – Page: 22 : 16-Sep-16

Data from Standard Media Index shows that the Seven Network boasted a 51 per cent share of TV advertising revenue in the metropolitan market during August 2016. The network is believed to have gained between $A120m and $A130m in ad revenue from its coverage of the Rio de Janeiro Olympic Games. SMI estimates that Seven’s digital coverage contributed about $A3.7m to its ad revenue. The market share of the Nine and Ten Network was 28.28 per cent and 20.72 per cent respectively in August.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, SMI MEDIA INCORPORATED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, SINGTEL OPTUS PTY LTD, McDONALD’S AUSTRALIA LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED

Seven seeks to redraw Disney deal

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Original article by Jake Mitchell
The Australian – Page: 19 : 15-Sep-16

Australian-listed Seven West Media is said to pay at least $A50m a year for TV programs from the Walt Disney Company. The output deal will expire in late 2016 or early 2017, and Seven is said to be seeking to renegotiate the terms of the arrangement to allow the broadcaster to selectively take new programs. Seven is also investing heavily in local content. The Nine Network recently renegotiated its content deal with Warners Bros.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, WALT DISNEY COMPANY, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WARNER BROS, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, SONY PICTURES TELEVISION PTY LTD, NBC UNIVERSAL INCORPORATED, PRESTO ENTERTAINMENT PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE

JB Hi-Fi bets big on Good Guys

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Original article by Eli Greenblat
The Australian – Page: 19 & 22 : 14-Sep-16

JB Hi-Fi will finance the acquisition of The Good Guys via a capital raising and a $A450m debt facility. The listed consumer electronics and home entertainment group will raise $A394m from investors, with the new stock to be issued at $A26.20 apiece. JB Hi-Fi anticipates annual cost savings of between $A15m and $A20m as a result of the $A870m acquisition of The Good Guys. The deal will increase JB Hi-Fi’s sales to $A6bn a year and lift its share of the consumer electronics and household appliances market.

CORPORATES
JB HI-FI LIMITED – ASX JBH, THE GOOD GUYS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, OPHIR ASSET MANAGEMENT PTY LTD, ALPHINITY INVESTMENT MANAGEMENT PTY LTD

ARM takeover spurs back-office cuts

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Original article by Jake Mitchell
The Australian – Page: 23 : 12-Sep-16

APN News & Media’s deal to sell its Aust­ralian Regional Media division to News Corp Australia will be put to shareholders on 16 September 2016. ARM publishes regional and community newspapers in New South Wales and Queensland, and employs about 1,200 people. News Corp is expected to retrench about 300 staff if the deal proceeds, although these are likely to include some staff in its own regional operations in order to reduce duplication.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN REGIONAL MEDIA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN COMMUNITY NEWSPAPERS, PLATINUM EQUITY HOLDINGS, FETCH PLUS INCORPORATED PTE LTD, HERALD AND WEEKLY TIMES LIMITED

Supercars are now the third highest rating sport on Fox Sports

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Original article by John Stensholt
The Australian Financial Review – Page: 27 : 12-Sep-16

Ratings for Fox Sports’ coverage of the 2016 Supercars series are 36 per cent higher than at the same time in 2015. The Supercars now rank behind the National Rugby League and the Australian Football League as the most popular sport on the pay-TV channel. Supercars CEO James Warburton also notes that there has been an 80 per cent increase in the number of videos that are viewed on the Supercars website. The Ten Network broadcasts six Supercars races each year.

CORPORATES
V8 SUPERCARS AUSTRALIA PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NATIONAL RUGBY LEAGUE, AUSTRALIAN FOOTBALL LEAGUE, THE A LEAGUE PTY LTD, SUPER RUGBY, VOLVO CAR AUSTRALIA PTY LTD, VOLVO DEALERS COUNCIL

Dakota chief tips Tesla’s end within 10 years

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Original article by Tess Ingram
The Australian Financial Review – Page: 19 : 8-Sep-16

Dakota Minerals has bought a tenement package in Portugal in anticipation of a rise in demand for lithium in Europe. David Frances, the CEO of the Australian-listed lithium explorer, expects strong demand for lithium from European manufacturers of electric cars. In contrast, Frances is sceptical about the popularity of electric cars in the US, where buyers are likely to show limited interest in such cars.

CORPORATES
DAKOTA MINERALS LIMITED – ASX DKO, TESLA MOTORS INCORPORATED, MERCEDES-BENZ AG, VOLKSWAGEN AG, BENCHMARK MINERAL INTELLIGENCE

Fairfax sells NZ assets for $200m

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Original article by Jake Mitchell, Daniel Palmer
The Australian – Page: 21 : 8-Sep-16

Australian-listed Fairfax Media will have a 41 per cent stake in NZME if a deal to sell its New Zealand media assets to the APN News & Media spin-off proceeds. The proposed deal is worth $A200m in total, including a cash payment of $NZ55m ($A53.5m). It must be approved by shareholders and New Zealand’s competition regulator, which is slated to issue a draft determination in November 2016 and a final decision in March 2017.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NZME LIMITED – ASX NZM, APN NEWS AND MEDIA LIMITED – ASX APN, NEW ZEALAND. COMMERCE COMMISSION, THE RADIO NETWORK, GRABONE

Anti-siphoning rules ‘rob sport’

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Original article by Darren Davidson
The Australian – Page: 21 : 7-Sep-16

Fox Sports CEO Patrick Delany says the pay-TV channel and Foxtel have invested $A1.2bn in sports over the last four years, and he argues that many sports would not be viable without this contribution. Delany has criticised the anti-siphoning list, noting that Foxtel cannot buy the exclusive rights to 1,800 sports events yet telcos and streaming video providers have no such restrictions. He also notes that the Seven Network bought the rights to the 2016 Rio de Janeiro Olympic Games and proceeded to charge for premium content that was streamed online.

CORPORATES
FOX SPORTS AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NATIONAL RUGBY LEAGUE, SUPER RUGBY, THE A LEAGUE PTY LTD, V8 SUPERCARS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

OZ pioneer departs with a legacy writ large

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Original article by Matthew Westwood
The Australian – Page: 3 : 6-Sep-16

Friends of Richard Neville have paid tribute to the Australian author and publisher, who died at the age of 74 on 4 September 2016. Neville was the editor of satirical magazine "OZ", which he co-founded in Sydney with Richard Walsh and Martin Sharp. Neville also launched a British edition of the magazine, and he faced obscenity charges on several occasions as a result of content that appeared in "OZ".

CORPORATES

Stellar Harvey Norman saves best for last

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 1-Sep-16

Australian-listed retailer Harvey Norman has reported a 30 per cent increase in net profit to $A348.6 million for 2015-16. EBIT rose 27 per cent to $A522.5 million. Chairman Gerry Harvey said on 31 August 2016 that the company was ‘flush with cash’ and could afford to be generous to shareholders. Harvey Norman’s final dividend was raised from $A0.11 to $A0.17 a share, payable on 1 December.

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, DICK SMITH HOLDINGS LIMITED