Uncategorized

Duke to cut stake in company under Kathmandu offer

roymorgansocial Leave a comment

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 21 & 26 : 2-Jul-15

Shares in adventurewear retailer Kathmandu Holdings closed $A0.04 lower on 1 July 2015, at $A1.53. Briscoe Group MD Rod Duke says his company’s cash and scrip takeover bid is "very fair", and adds that the two businesses are "very complementary". Duke has also indicated that New Zealand-based Briscoe will seek to list on the Australian sharemarket if its $A324m bid succeeds. He will also reduce his stake in Briscoe from 78 per cent to 55.1 per cent.

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, BRISCOE GROUP LIMITED, REBEL SPORT LIMITED, QUADRANT PRIVATE EQUITY PTY LTD

Abbott bowed to mates: Hartigan

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 2-Jul-15

Regional TV broadcasters will use a media campaign to push for the Australian Government to reconsider its decision to shelve cross-media ownership reforms. Prime Media Group chairman John Hartigan has warned that jobs at regional broadcasters and local news services will be at risk if the proposed reforms to do not proceed. He has suggested that Prime Minister Tony Abbott was "kowtowing" to media barons Rupert Murdoch and Kerry Stokes in abandoning the reforms.

CORPORATES
PRIME MEDIA GROUP LIMITED – ASX PRT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF COMMUNICATIONS, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NEWS CORPORATION – ASX NWS, FAIRFAX MEDIA LIMITED – ASX FXJ, FOXTEL MANAGEMENT PTY LTD, NOVA, AUSTRALIA. DEPT OF AGRICULTURE

Kathmandu shareholders wary

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 1-Jul-15

Shares in adventurewear retailer Kathmandu Holdings closed $A0.32 higher at $A1.57 on 30 June 2015, in response to a takeover bid from New Zealand-listed Briscoe Group. Briscoe, which is headed by Rod Duke, increased its stake in Kathmandu to 19.9 per cent on 29 June, and its bid values the target at about $A324m. Some Kathmandu shareholders have described the bid as "opportunistic". Briscoe’s retail business comprises homewares, sporting goods and gift stores.

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, BRISCOE GROUP LIMITED, BRISCOES, REBEL SPORT LIMITED, LIVING AND GIVING LIMITED, MILFORD ASSET MANAGEMENT LIMITED, CYAN INVESTMENT MANAGEMENT PTY LTD, PUMPKIN PATCH LIMITED, MACPAC WILDERNESS EQUIPMENT, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, QUADRANT PRIVATE EQUITY PTY LTD, GOLDMAN SACHS ASSET MANAGEMENT

Hockey wins $200,000 in Fairfax case

roymorgansocial Leave a comment

Original article by Marianna Papadakis, Phillip Coorey
The Australian Financial Review – Page: 3 : 1-Jul-15

Fairfax Media has been ordered to pay $A200,000 in damages to Federal Treasurer Joe Hockey in his defamation case against the newspaper publisher. The damages payout comprises $A120,000 arising from the publication of newspaper posters saying "Treasurer for sale", plus $A80,000 for several tweets with a similar message. Justice Richard White ruled that the posters and tweets were defamatory, although the newspaper articles to which they referred did not defame Hockey.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. DEPT OF THE TREASURY, FEDERAL COURT OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, NORTH SYDNEY FORUM

Seven West boosts board

roymorgansocial Leave a comment

Original article by Max Mason, David Ramli
The Australian Financial Review – Page: 20 : 25-Jun-15

Australian-listed Seven West Media has made four new appointments to its board of directors. CEO Tim Worner will join the board, as will iiNet founder Michael Malone, Gilbert + Tobin partner Sheila McGregor and former Victorian premier Jeff Kennett. The new directors offer expertise in a range of sectors beyond the media industry, and Kennett notes the need for boards to have a wide range of skills.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, IINET LIMITED – ASX IIN, GILBERT AND TOBIN LAWYERS, SEVEN NETWORK LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN.COM.AU, HAWTHORN FOOTBALL CLUB, BEYOND BLUE AUSTRALIA PTY LTD

Football rights on agenda as providers talk to codes

roymorgansocial Leave a comment

Original article by John Stensholt, Jared Lynch
The Australian Financial Review – Page: 30 : 22-Jun-15

The latest five-year deals for Australian Football League and National Rugby League broadcasting rights are expected to fetch between $A1.5bn and $A2bn. Both codes are believed to have held talks with digital companies and online steaming services. However, companies such as Google and Netflix are expected to partner with traditional media companies to offer content rather than providing live streaming of matches themselves. Singtel Optus is also keen to secure digital broadcasting rights.

CORPORATES
AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, GOOGLE INCORPORATED, NETFLIX INCORPORATED, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, FETCHTV PTY LTD, FOXTEL MANAGEMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOX SPORTS AUSTRALIA PTY LTD, SKY SPORTS, FOX FOOTY CHANNEL

Davis ready to take APN reins

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 29 : 22-Jun-15

Australian Radio Network (ARN) CEO Ciaran Davis will succeed Michael Miller as CEO of parent company APN News & Media. ARN recruited Kyle Sandilands and Jackie Henderson for the rebranded KIIS radio station during Davis’s five-year tenure as CEO. Meanwhile, Miller will become executive chairman of News Corp’s Australasian division.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN RADIO NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, KIIS1065, MIX-FM, 2DAY FM AUSTRALIA PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Google a scary competitor, says Ten boss

roymorgansocial Leave a comment

Original article by Paul McIntyre
The Australian Financial Review – Page: 29 : 22-Jun-15

Foxtel’s MCN advertising business will assume responsibility for selling ads on the Ten Network in September 2015. Ten CEO Hamish McLennan says global internet companies such as Google present a major threat to Australian TV broadcasters, and warns that they could soon be competing with traditional media companies for sports broadcasting rights. MCN CEO Anthony Fitzgerald adds that there is a need to redefine TV as consumers are now watching broadcast-quality video on a range of devices.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD, SOUND ALLIANCE PTY LTD, GOOGLE INCORPORATED, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, OPTIMUM MEDIA DIRECTION PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, QANTAS AIRWAYS LIMITED – ASX QAN, McDONALD’S AUSTRALIA LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, THE HOOPLA

Mad Max or Tomorrowland? State of the Nation spotlights the changing Australian media landscape

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 17-Jun-15

On 17 June 2015, Roy Morgan Research CEO Michele Levine presented the latest State of the Nation Report, with a special in-depth look at the Australian media landscape. The report shows that Australians aged 14+ spend an average of 18.8 hours per week watching TV, 12.8 hours listening to radio, 3.4 hours reading newspapers or magazines. They also spend 17.9 hours using the internet, 13.4 hours of which is leisure usage. Michele Levine says the media industry is facing some big issues, and owners, buyers and businesses need to adapt – not only to reach fragmenting audiences, but to know exactly who they are reaching.

CORPORATES
ROY MORGAN RESEARCH LIMITED. NETFLIX INCORPORATED. FOXTEL MANAGEMENT PTY LTD. TEN NETWORK HOLDINGS LIMITED – ASX TEN. YOUTUBE INCORPORATED

Former ACCC head believes Ten, Foxtel deal likely to go ahead

roymorgansocial Leave a comment

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

The proposed equity deal between Ten Network and Foxtel will have to be approved by the Australian Competition & Consumer Commission. Former chairman Allan Fels says the growth of internet-based streaming video services should ensure that the deal is not blocked on competition grounds. John Kettle of law firm McCullough Robertson also expects the deal to be approved, and he says contractual arrangements between Ten and Foxtel are likely to attract the most scrutiny.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, McCULLOUGH ROBERTSON, STARCOM MEDIAVEST GROUP, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, ILLYRIA PTY LTD, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD