Restructure or sell? News Corp sizes up some assets

Original article by Max Mason, Sarah Thompson
The Australian Financial Review – Page: 24 : 12-May-20

Sources have indicated that News Corp Australia will restructure its regional and community newspapers arm if a deal to sell the business cannot be reached quickly. News Corp has held talks about selling the newspapers to Australian Community Media. It is believed that a key issue for News Corp is the value of the mastheads in terms of cross-marketing with REA Group; ACM’s joint owner Antony Catalano has a 26 per cent stake in rival property listings portal Real Estate View.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMMUNITY MEDIA, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, REALESTATEVIEW.COM.AU LIMITED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA

15.6 million Australians are reading or accessing magazine content

Original article by Roy Morgan
Market Research Update – Page: Online : 12-May-20

Roy Morgan’s Enhanced Cross-Platform Audience results for the three months of the March quarter 2020 show 15.6 million Australians are reading a print magazine or accessing magazine content online via websites, apps, or platforms such as Apple News in an average four weeks. This reach covers 74% of the Australian population aged 14+. Bauer Media’s ‘Now to Love’ online hub is viewed by over 2.7 million Australians in an average four weeks. Leading titles including Woman’s Day, Women’s Weekly, Good Health, TV Week and Take 5 can be accessed at ‘Now to Love’.

CORPORATES
ROY MORGAN LIMITED, BAUER MEDIA AUSTRALIA PTY LTD

News Corp in talks to sell off regional papers

Original article by Leo Shanahan
The Australian – Page: 19 : 11-May-20

Australian Community Media may be poised to acquire some or all of News Corp Australia’s regional and community newspapers. ACM already owns a large portfolio of regional newspapers, and it is said to have been holding talks with News Corp about a deal for some time. Both companies have put the print editions of some mastheads on hold due to the coronavirus pandemic. News Corp is expected to retain some regional mastheads, including the ‘NT News’ if a deal proceeds.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMMUNITY MEDIA

Ten readies its fourth channel

Original article by Max Mason
The Australian Financial Review – Page: 29 : 11-May-20

The Ten Network is expected to launch a fourth broadcast channel in the second half of 2020, focusing on general entertainment for Ten’s target audience of people under the age of 50. Ten’s chief sales officer Rod Prosser says the new channel will feature content from a range of sources, including parent company ViacomCBS. Prosser is confident that the advertising market will soon begin to recover from the coronavirus-induced downturn.

CORPORATES
TEN NETWORK HOLDINGS LIMITED, VIACOMCBS INCORPORATED

HT&E radio, digital and outdoor advertising business going strong in coronavirus environment

Original article by Leo Shanahan
The Australian – Page: Online : 8-May-20

HT&E has one of the strongest balance sheets in the Australian media sector, according to chairman Hamish McLennan. He noted at the radio, digital and outdoor advertising group’s AGM that it has no undrawn debt and it boasted net cash of $111m at the end of 2019. Meanwhile, CEO Ciaran Davis said the newly-launched Dynamic Audio targeted digital advertising system will enable HT&E’s Australian Radio Network to deliver real-time, personalised advertising to radio audiences.

CORPORATES
HT&E LIMITED – ASX HT1, AUSTRALIAN RADIO NETWORK PTY LTD

Foxtel steals Stan’s thunder with HBO deal

Original article by Leo Shanahan
The Australian – Page: 13 & 17 : 7-May-20

Pay-TV group Foxtel has secured a new deal with WarnerMedia to retain the Australian rights for content from television networks such as HBO. Foxtel’s existing content deal was scheduled to expire in 2022, and streaming video provider Stan had also been in talks with WarnerMedia. Stan currently has the rights to some WarnerMedia content, but it will lose this later in 2020 due to the Foxtel deal.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, WARNERMEDIA, HBO, STAN ENTERTAINMENT PTY LTD

No deal with NRL: Nine boss

Original article by Leo Shanahan
The Australian – Page: 13 & 19 : 6-May-20

Nine Entertainment CEO Hugh Marks says the cost of sports broadcasting rights must become more sustainable in the wake of the coronavirus pandemic. He stresses that Nine has not reached an agreement with the National Rugby League regarding how much it will pay to broadcast the 2020 season. Nine had originally agreed to pay $118m for the 2020 rights, but it is believed to have offered about $90m after the NRL season was put on hold. Marks has indicated that Nine would be prepared to walk away from the NRL if it does not "pay its way". Nine’s current broadcasting rights deal expires in 2022.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NATIONAL RUGBY LEAGUE

Bauer sacks 60 Pacific Magazines staff

Original article by Lilly Vitorovich
The Australian – Page: Online : 5-May-20

Bauer Media is believed to have retrenched employees at Pacific Magazines and put the print editions of some titles on hold just days after taking control of the former Seven West Media business. Some 60 jobs at Pacific Magazines are said to have been cut, following Bauer’s recent move to stand down or lay off about 140 of its own employees. ‘InStyle’, ‘Men’s Health’ and ‘Women’s Health’ are among the Pacific Magazines titles that have been affected.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, BAUER MEDIA KG, PACIFIC MAGAZINES PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM

Mag queen tips Bauer will axe Pacific titles

Original article by Lilly Vitorovich
The Australian – Page: 19 : 4-May-20

Bauer Media completed a $40m deal to acquire Seven West Media’s Pacific Magazines division on 1 May. Magazine industry veteran Deborah Thomas expects Bauer to suspend the print editions of some Pacific titles due to the coronavirus-induced downturn in the advertising market. Four of the print editions of Bauer’s own titles were recently put on hold, and some industry executives doubt that several of them will resume publication. Bauer has also stood down or laid off up to 140 employees in Australia, while its New Zealand operations were shut down in April.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, PACIFIC MAGAZINES PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, BAUER MEDIA KG, BAUER MEDIA (NZ) LIMITED

Sports face $200m broadcast hit

Original article by John Stensholt
The Australian – Page: 19 : 4-May-20

Executives of Australia’s free-to-air and pay-TV networks believe that the value of sports broadcasting rights has fallen in 2020 because events are being held without crowds due to the pandemic. The Australian Football League and the National Rugby League in particular are expected to face a large decline in broadcasting fees when their 2020 seasons resume. Meanwhile, there is doubt as to whether Fox Sports will renew its broadcasting rights deal with Football Federation Australia beyond the current season.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED, FOX SPORTS AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, FOOTBALL FEDERATION AUSTRALIA LIMITED