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Murdoch and Stokes rebuffed on media reform

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Original article by Dominic White, Max Mason
The Australian Financial Review – Page: 5 : 2-Mar-16

The Australian Government has confirmed that its cross-media ownership reforms will abolish the "reach rule" and the "two-of-three rule". However, Seven West Media has criticised the Government for not reducing TV broadcasting licence fees, while Foxtel CEO Richard Freudenstein argues that changes to the anti-siphoning list for sporting events should have been part of the reform package. Communications Minister Mitch Fifield has indicated that the latter may be subject to change in the future.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, SEVEN WEST MEDIA LIMITED – ASX SWM, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ

Harvey Norman takes a look at Dick Smith’s Move stores

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

The financial accounts of Dick Smith Holdings show that it posted a loss of $A60.5m in November 2015 and $A100.3m in December. Meanwhile, rival retailer Harvey Norman has indicated that it might be interested in taking over Dick Smith’s four Move stores that are located at airports. Executive chairman Gerry Harvey says he usually shuns airport stores due to high rents and overheads, adding that he would only be interested in taking over the Move leases if the stores are profitable.

CORPORATES
DICK SMITH HOLDINGS LIMITED – ASX DSH, MOVE, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, FERRIER HODGSON AND COMPANY, SYDNEY AIRPORT – ASX SYD, CLIVE PEETERS, RICK HART DISCOUNTS

MPs fall in line on media reforms

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Original article by David Crowe
The Australian – Page: 4 : 1-Mar-16

The Australian Government’s bill to change cross-media ownership laws is expected to be submitted to Parliament on 1 March 2016, if the reforms are endorsed by the Coalition’s party room. The reforms have already been approved by the Coalition’s backbench communications committee. The Opposition supports abolition of the "reach rule", although it may seek to block scrapping the "two-out-three rule" in the Senate. The reforms are likely to prompt consolidation among Australian TV broadcasters.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, LIBERAL DEMOCRATIC PARTY, PALMER UNITED PARTY, FAMILY FIRST PARTY AUSTRALIA LIMITED, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, WIN CORPORATION PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Fairfax’s Hywood reassures nervous investors on print

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Original article by Dominic White
The Australian Financial Review – Page: 30 : 29-Feb-16

Fairfax Media CEO Greg Hywood has downplayed concerns that the group could discontinue the print editions of its metropolitan newspapers. He argues that in addition to revenue from advertising and subscribers, newspapers allow Fairfax to boost audiences for digital assets such as Domain and Drive. He adds that any shift to a digital-only model would not have a significant financial impact on Fairfax, due to the cost savings achieved in its print business in recent years.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN.COM.AU, DRIVE.COM.AU, STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Fifield allays fears over media diversity

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Original article by Dominic White
The Australian Financial Review – Page: 30 : 29-Feb-16

The Coalition’s party room will be asked to endorse proposed changes to cross-media ownership laws on 1 March 2016, after the reforms were approved by Cabinet. Meanwhile, Communications Minister Mitch Fifield has downplayed the Opposition’s concerns that the reforms could increase News Corp Australia’s market power in the local media sector. He has also ruled out merging the ABC and SBS, and says TV broadcasting licence fees are being reviewed as part of the Budget process.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), WIN CORPORATION PTY LTD, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD, LIBERAL PARTY OF AUSTRALIA

Roy Morgan CEO Michele Levine to appear on the ABC’s Q&A

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 29-Feb-16

The panellists on the 29 January 2016 edition of "Q&A" are Roy Morgan Research CEO Michele Levine; Liberal Party of Australia MP Bruce Billson; the former Speaker of the House of Representative, Anna Burke; Australian Christian Lobby MD Lyle Shelton; and the former president of the Australian Medical Association, Kerryn Phelps.

CORPORATES
ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN CHRISTIAN LOBBY, AUSTRALIAN MEDICAL ASSOCIATION LIMITED, AUSTRALIAN BROADCASTING CORPORATION

Nine’s Marks thinks outside the box

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Original article by Darren Davidson
The Australian – Page: 19 & 22 : 26-Feb-16

Nine Entertainment Company has posted a 2015-16 interim net profit of $A78.4m, which is 6.1 per cent lower than previously. Revenue of $A690m was down five per cent. CEO Hugh Marks has flagged a greater push to reduce costs and increased investment in the Stan video-on-demand service. Marks supports the Federal Government’s plan to abolish the "reach rule" and the "two-of-three rule" with a single bill, arguing that both reforms are necessary. Peter Costello will succeed David Haslingden as Nine’s chairman.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NECSTAN ENTERTAINMENT PTY LTDWIN CORPORATION PTY LTDNETFLIX INCORPORATED

APN to exit from regional publishing

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Original article by Max Mason
The Australian Financial Review – Page: 10 : 26-Feb-16

Australian-listed APN News & Media has posted a 2015 net loss of $A10.2m, following an $A11.5m profit in 2014. When write-downs are excluded, the media group’s net profit was seven per cent lower than previously at $A70.2m. CEO Ciaran Davis has flagged plans to divest the Australian Regional Media business, whose EBITDA was down 27 per cent at $A18.4m. The Australian Radio Network division’s EBTDA rose by 25 per cent to $A82.8m.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APNAUSTRALIAN REGIONAL MEDIAAUSTRALIAN RADIO NETWORK PTY LTD

Media reform an all-or-nothing proposition, as Fifield resists carve-out

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Original article by David Crowe
The Australian – Page: 2 : 25-Feb-16

Federal Communications Minister Mitch Fifield has ruled out separate media reform bills to abolish the "reach rule" and the "two-out-of-three rule". He insists that both reforms must be presented to Parliament in a single bill. The Australian Labor Party supports scrapping the reach rule, while regional TV broadcasters want it to be abolished quickly so they can consider mergers with metropolitan networks. However, Labor wants a Senate inquiry into scrapping the two-out-of-three rule.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NATIONAL PARTY OF AUSTRALIA, FAMILY FIRST PARTY AUSTRALIA LIMITED

Kelly set for early departure from Nine

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Original article by Jake Mitchell
The Australian – Page: 21 : 25-Feb-16

Australian-listed media group Nine Entertainment Company has advised that CFO and COO Simon Kelly will step down at the end of February 2016. He was originally slated to depart at the end of May. Nine will release its 2015-16 interim financial results on 25 February, and may update shareholders on its streaming dispute with regional affiliate WIN Corporation. Nine is also tipped to extend its share buyback.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, WIN CORPORATION PTY LTD, TICKETEK, NATIONAL RUGBY LEAGUE