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Lynas hit with cost blowout on rare earths plant

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Original article by Brad Thompson
The Australian Financial Review – Page: 16 : 30-Aug-23

Lynas Rare Earths has reported a 2022-23 net profit of $310.7m, compared with $540.8m for the previous financial year; revenue fell from $920m in 2021-22 to $739.3m. The company received an average price of $46.20 per kilogram for its rare earths oxides, compared with an average of $60.30 per kilogram in 2021-22. Meanwhile, Lynas has revealed that the cost of building its cracking and leaching plant at Kalgoorlie in Western Australia has risen to $730m. Its previous estimate was $575m, and the cost increase has been attributed to factors such as the need to meet a deadline of 1 January to cease downstream processing at its plant in Malaysia.

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LYNAS RARE EARTHS LIMITED – ASX LYC

Buttrose to quit ABC as contenders circle

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Original article by Sophie Elsworth, Nick Tabakoff
The Australian – Page: 3 : 23-Aug-23

Peter Tonagh is widely regarded as the leading internal contender to succeed Ita Buttrose as the ABC’s chair. Buttrose has advised that she will not seek a second five-year term as the public broadcaster’s chair when her current term expires in March 2024. Communications Minister Michelle Rowland says Buttrose was "the right chair for the right time". Tonagh is currently the ABC’s deputy chair, while other potential candidates are said to include former Foxtel CEO Kim Williams and lawyer Danny Gilbert. Meanwhile, former Q+A host Stan Grant has confirmed that he has left the ABC and intends to make a permanent departure from "daily journalism" after four decades in the media industry.

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AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT, COMMUNICATIONS AND THE ARTS, FOXTEL MANAGEMENT PTY LTD

$100m play looms for World Cup TV rights

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Original article by John Stensholt, Jessica Halloran
The Australian – Page: 5 : 16-Aug-23

Optus is believed to have paid up to $30m for the broadcasting rights to the 2023 FIFA Women’s World Cup. It has also on-sold the free-to-air rights to selected matches to Seven West Media for about $4m. FIFA has set a deadline of 19 September to submit bids for the local broadcasting rights to the next men’s and women’s World Cup tournaments; it is believed to be seeking up to $100m for the rights, following the ratings success of the 2023 Women’s World Cup. Optus, SBS and the three commercial free-to-air networks are expected to submit bids.

CORPORATES
FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, SINGTEL OPTUS PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, SPECIAL BROADCASTING SERVICE (SBS)

What ABC viewers complained about

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Original article by Calum Jaspan
The Age – Page: Online : 16-Aug-23

The ABC’s ombudsman Fiona Cameron has revealed that the public broadcaster received a total of 11,440 complaints during the first half of 2023. Some 13 per cent related to the ABC’s editorial standards; this compares with 15 per cent across the previous three calendar years, when the ABC received an average of 23,767 complaints in total each year. Meanwhile, the proportion of complaints that were upheld rose to eight per cent in the first half of 2023, compared with an average of five per cent across the previous three years.

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abc (aus tv) see AUSTRALIAN BROADCASTING CORPORATION

Seven kicks a goal with Matildas’ Cup victory

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Original article by Sophie Elsworth
The Australian – Page: 3 : 9-Aug-23

The FIFA Women’s Wold Cup continues to be a ratings boon for the Seven Network. Data from OzTAM shows that Seven’s broadcast of the Matildas’ win against Denmark on Monday night attracted 3.248 million viewers nationwide, plus an additional 385,000 via its 7plus streaming platform. The Matildas’ 2-0 win to advance to the quarter-finals has become the most-watched program in Australia so far in 2023; the recent must-win match against Canada boasted an average audience of 2.42 million viewers. Seven has the free-to-air rights to 15 World Cup matches, with Optus Sport holding the rights to all 64 matches in the tournament.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, 7PLUS, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, MATILDAS, OPTUS SPORT

ABC defamation bill hits $1.9 million over four years

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Original article by Calum Jaspan
The Age – Page: Online : 9-Aug-23

The ABC has disclosed its legal costs arising from defamation actions in recent years. Documents filed with the federal government show that the ABC spent $1.94m on legal costs over the four years to 2022-23. This includes legal settlements totalling $753,450 in 2020-21 and 2021-22, and external costs of $1.2m for the two financial years. However, the figures exclude data for the 2019-20 and 2022-23 financial years, as the public broadcaster was only required to disclose its legal costs for years in which there were three or more settlements.

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AUSTRALIAN BROADCASTING CORPORATION

Most loved Matildas smash Ashes

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Original article by Zoe Samios
The Australian Financial Review – Page: 3 : 2-Aug-23

More than 2.4 million Australians watched the Matildas defeat Canada to advance to the next round of the FIFA Women’s World Cup on Monday night. The match, which was broadcast by the Seven Network and on its 7Plus streaming service, was the first women’s sporting event in Australia to attract an average TV audience of more than two million. The match also had a total reach of 4.7 million viewers, which comprises people who watch at least one minute of content on TV or 15 seconds online. In contrast, the Nine Network’s coverage of the first session of the final day of the fifth Ashes Test attracted just 926,000 viewers; an average of 1.2 million viewers watched later sessions of the match.

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MATILDAS, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Uniqlo says sorry after uncovering $25 million in underpayments

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Original article by Emma Koehn
The Sydney Morning Herald – Page: Online : 26-Jul-23

Uniqlo Australia is the latest company to admit that its employees have been underpaid. The Japan-based casual wear retailer has advised that about 7,900 employees had been underpaid $25m in total between 1 July 2015 and 30 June 2022. The underpayment occured due to errors in calculating affected employees’ entitlements, and were identified after a specialist firm undertook a review of Uniqlo’s systems. The company opened its first Australian store in 2014, and it now has more than 30 stores nationwide.

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UNIQLO AUSTRALIA PTY LTD

Andrews blindside puts Commonwealth Games broadcast deal on ice

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Original article by Calum Jaspan
The Age – Page: Online : 19-Jul-23

The Seven Network was the official broadcaster of the Commonwealth Games in 2018 and 2022, and it has first-refusal rights to the next two Games. Sources have indicated that Seven had been close to finalising a new broadcasting rights deal, but the negotiations have been put on hold due to uncertainty about the 2026 Games following the Victorian government’s decision to terminate its contract. The source has indicated that the 2026 Games will have significantly less appeal for Seven if they are held in a different timezone.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM

‘Grey-BC’: most viewers of 7pm news are over 55

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Original article by Mark Di Stefano
The Australian Financial Review – Page: 31 : 17-Jul-23

The ABC’s internal data shows that audiences for its news and current affairs programs are heavily skewed toward older people. More than 80 per cent of people who watch its evening news bulletin are aged 55+, and two-thirds are over the age of 65; in contrast, less than eight per cent of viewers are below the age of 40. Likewise, 75 per cent of the average audience for Q&A is aged 55+ and 70 per cent of Insiders’ viewers are over the age of 55. A spokesman for the ABC contends that the audience shift to older viewers for TV news content is an industry-wide trend; he adds that the ABC’s digital news service is popular among younger audiences.

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AUSTRALIAN BROADCASTING CORPORATION