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$A unlikely to take shine off Lovisa

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Original article by Sue Mitchell
The Australian Financial Review – Page: 21 : 10-Feb-15

Lovisa Holdings has posted a 2014-25 interim net profit of $A12.3m, which is 66.2 per cent higher than previously. The fast-fashion jewellery retailer’s sales were 33.3 per cent higher at $A73.3 million. Lovisa’s earnings and sales for the half-year exceeded prospectus forecasts, and Dean Fergie of Cyan Investment Management says it is on track to meet its full-year forecasts. Lovisa shares closed $A0.035 higher at $A2.395 on 9 February 2015

CORPORATES
LOVISA HOLDINGS LIMITED – ASX LOV, CYAN INVESTMENT MANAGEMENT PTY LTD

Foxtel, Discovery plot Ten strategy

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Original article by Dominic White, Jake Mitchell
The Australian Financial Review – Page: 29 : 9-Feb-15

Ten Network’s 14.9 per cent shareholder, Bruce Gordon, opposes a $A590m takeover bid by Foxtel and Discovery Communications. However, the bidders may consider a revised takeover strategy whereby they would acquire Ten’s main assets while Ten itself remains listed on the sharemarket. While Ten’s directors would have to approve any such deal, the bidders would only need the support of 51 per cent of Ten’s voting shareholders

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, LAZARD ASSET MANAGEMENT LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, CROWN RESORTS LIMITED – ASX CWN, FAIRFAX MEDIA LIMITED – ASX FXJ

Ten’s fate hinges on celebrities in the wild

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Original article by Darren Davidson
The Australian – Page: 19 : 23-Jan-15

Beverley McGarvey, chief programming officer at Ten Network, is confident a local version in Australia of "I’m a Celebrity… Get Me Out of Here!" will generate good audience ratings for the listed free-to-air TV group. The format is being imported from ITV in the UK, where it continues to perform strongly after 14 seasons. McGarvey also claims not to be distracted by the current takeover battle for Ten, as major investor Bruce Gordon opposed an offer by Foxtel and Discovery Communications despite it being backed by fellow shareholders Lachlan Murdoch and James Packer

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, WIN CORPORATION PTY LTD, TIME WARNER INCORPORATED, WARNER BROS, ITV NETWORK LIMITED, ITV PLC

Ratings lift Ten’s hopes of new deal

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Original article by Darren Davidson
The Australian – Page: 18 : 20-Jan-15

Coverage of the Twenty20 Big Bash League cricket competition has boosted the audience ratings of commercial free-to-air TV group Ten Network, to a 10-year high of 730,000 for the summer 2014-15 season. The gain of 5.9% in the 25-to-54-year-olds age bracket will strengthen Ten’s position as it resumes takeover talks with suitors such as Anchorage Capital, Saban Capital, and a consortium of Foxtel and Discovery Communications. The latter are offering $A0.23 a share

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, CRICKET AUSTRALIA, DISCOVERY COMMUNICATIONS INCORPORATED, FOXTEL MANAGEMENT PTY LTD, SABAN CAPITAL GROUP INCORPORATED, ANCHORAGE CAPITAL PARTNERS PTY LTD, OZTAM PTY LTD, KFC, YUM! RESTAURANTS AUSTRALIA PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Growing crowds bolster Big Bash coffers

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Original article by John Stensholt
The Australian Financial Review – Page: 32 : 19-Jan-15

Each match in Australia’s domestic Twenty20 tournament has attracted an average crowd of about 23,200 in 2014-15, which is about 20 per cent higher than the 2013-14 season. The Ten Network’s ratings for the Big Bash League coverage has been consistent with the previous year, with each match averaging about 925,000 viewers. Cricket Australia’s Mike McKenna expects the eight teams in the Big Bash League to make a profit in 2014-15

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN,{SPAC}CRICKET AUSTRALIA,{SPAC}MELBOURNE STARS,{SPAC}SYDNEY SIXERS,{SPAC}PERTH SCORCHERS,{SPAC}ADELAIDE STRIKERS

Man to Man closes 20 stores, sheds 100 staff

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Original article by Leo Shanahan
The Australian – Page: 16 : 9-Jan-15

Ferrier Hodgson’s Brendan Richards is hopeful that a buyer will emerge for failed menswear retailer Man to Man, with indicative offers due by 9 January 2015. The retail chain will continue to operate 62 stores following the closure of 20 outlets, which will result in the loss of nearly 100 jobs. Man to Man has debts of $A28m, and went into voluntary administration in late 2014

CORPORATES
MAN TO MAN FASHION MENSWEAR, FERRIER HODGSON AND COMPANY, DEUTSCHE BANK AG

Little Christmas cheer for almost 100 ABC journalists who face redundancy

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Original article by Anna Patty
The Sydney Morning Herald – Page: 8 : 18-Dec-14

ABC employees have been given a deadline of 5pm on 19 December 2014 to accept voluntary redundancies. Some journalists were informed of their retrenchment on 17 December, and the ABC has been criticised for its handling of the job cuts. The ABC is expected to retrench about 100 staff, and a spokeswoman has indicated that they will not be leaving the public broadcaster immediately unless they choose to do so

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIA. FAIR WORK COMMISSION

Offer for Ten cut after briefings

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Original article by Dominic White, Jared Lynch
The Australian Financial Review – Page: 1 & 6 : 3-Dec-14

Prospective buyers of the Ten Network were required to submit non-indicative bids by 2 December 2014. Foxtel and Discovery Communications have offered to pay between $A0.20 and $A0.25 per share for the free-to-air broadcaster, compared with an initial indicative offer of $A0.26 per share. Ten shares closed at $A0.24 on 2 December. Time Warner, which was also mooted as a bidder for Ten, has elected not to proceed with an offer, while Anchorage Capital and Saban are also seen as potential bidders

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, TIME WARNER INCORPORATED, ANCHORAGE CAPITAL PARTNERS PTY LTD, SABAN CAPITAL GROUP INCORPORATED, CITIGROUP PTY LTD, WIN CORPORATION PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CROWN RESORTS LIMITED – ASX CWN, PROVIDENCE EQUITY PARTNERS INCORPORATED, TELSTRA CORPORATION LIMITED – ASX TLS, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD

Ten set to reject Foxtel’s first bid

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Original article by Darren Davidson
The Australian – Page: 22 : 2-Dec-14

There are forecasts the directors of free-to-air TV group Ten Network will rebuff a takeover bid by pay TV rival Foxtel and US-based ally Discovery Communications on 2 December 2014. It is likely to be worth between $A0.20 and $A0.25 a share, and to be deemed too low by Ten. On 1 December the stock closed at $A0.255. Meanwhile Paul Mallam, the representative of major Ten investor and WIN Corporation owner Bruce Gordon, has stepped down as a member of the Ten board

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, WIN CORPORATION PTY LTD, HANCOCK PROSPECTING PTY LTD, CITIGROUP PTY LTD, CROWN RESORTS LIMITED – ASX CWN, CONSOLIDATED MEAT HOLDINGS PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Discovery/Foxtel to ramp up Ten offer

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Original article by Dominic White
The Australian Financial Review – Page: 31 : 24-Nov-14

Indicative offers for the Ten Network will be accepted until 2 December 2014. Foxtel and Discovery Communications are believed to be planning to make a cash and scrip offer, whereby Ten’s existing shareholders would be given shares in the free-to-air broadcaster. The move is aimed at gaining the support of 14.9 per cent shareholder Bruce Gordon, who has ruled out selling his stake. Foxtel has also proposed to merge Ten and its own Multi Channel Network advertisings sales division

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, MULTI CHANNEL NETWORK PTY LTD, CITIGROUP PTY LTD, WIN CORPORATION PTY LTD, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CROWN RESORTS LIMITED – ASX CWN, TIME WARNER INCORPORATED, HBO, WARNER BROS, CABLE NEWS NETWORK, HELLMAN AND FRIEDMAN, SABAN CAPITAL GROUP INCORPORATED, ANCHORAGE CAPITAL PARTNERS PTY LTD, PROVIDENCE EQUITY PARTNERS INCORPORATED, PARAMOUNT PICTURES CORPORATION