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Rinehart a winner in rare earths move

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Original article by Brad Thompson
The Australian – Page: 14 : 6-Aug-25

Shares in Lynas Rare Earths and Iluka Resources rose strongly on Tuesday, in response to the federal government’s plans to create a floor price for rare earths. Resources Minister Madeleine King has indicated hat the government is also open to taking equity stakes in rare earths companies, as part of its proposal to establish a critical minerals strategic reserve. Arafura Rare Earths’ CEO Darryl Cuzzubbo says an Australian floor price would disrupt China’s dominance of the rare earths sector; he adds that any strategic reserve for rare earths should be linked to a non-China controlled price index. Mining magnate Gina Rinehart has an eight per cent in Arafura and a similar stake in Lynas.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC, ILUKA RESOURCES LIMITED – ASX ILU, ARAFURA RARE EARTHS LIMITED – ASX ARU, AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES

Nine’s publishing to out-earn TV

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 13 & 17 : 6-Aug-25

Jarden analyst Tom Beadle recently said that the value contained within Nine Entertainment’s publishing business could potentially be the most underappreciated part of the media group. The investment bank has valued Nine’s publishing assets at $885m, ahead of streaming video platform Stan ($655m) and the broadcast division ($601m); Jarden estimates that Nine’s radio stations are worth about $25m. Looking forward, Nine’s publishing assets are forecast to generate EBITDA of $156m by 2028; this compares with expectations of $153m for the group’s television network, which is facing higher costs.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN ENTERTAINMENT PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE RADIO PTY LTD, JARDEN AND COMPANY

Solstice buys high-profile travel magazine

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 18 : 30-Jul-25

Solstice Media has added Australian Traveller magazine to its portfolio of print and online titles. The independent media company will acquire an 80 per cent stake in the publisher of Australian Traveller, and will move to full ownership over the next two years. The deal is part of Solstice Media’s strategy to increase revenue and grow its business. Its other assets include news website The New Daily, which it bought from Industry Super Holdings in late 2024.

CORPORATES
SOLSTICE MEDIA PTY LTD, AUSTRALIAN TRAVELLER MEDIA PTY LTD, THE NEW DAILY, INDUSTRY SUPER HOLDINGS PTY LTD

Murdoch defamation case could be impossible for Trump to win, experts say

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Original article by Georgie Hewson
abc.net.au – Page: Online : 23-Jul-25

The Wall Street Journal intends to "vigorously" defend its journalism in a defamation lawsuit that has been launched by US President Donald Trump. The newspaper, which is owned by Rupert Murdoch’s News Corporation, is facing legal action after publishing an article which alleged that Trump had sent a birthday letter to Jeffrey Epstein that included a sexually suggestive drawing. Trump has denied sending any such letter to the convicted sex offender. Harry Melkonian from the US Studies Centre notes that it is very hard for public figures – and particularly the nation’s president – to win a defamation lawsuit in the US.

CORPORATES
NEWS CORPORATION – ASX NWS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNIVERSITY OF NEW SOUTH WALES. UNITED STATES STUDIES CENTRE

Breaking China’s rare earth control

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Original article by Jon Emont
The Australian – Page: 16 : 16-Jul-25

US-based MP Materials aims to challenge China’s dominance of the global rare earths market and the magnets that are made from rare earth elements. China currently produces around 90 per cent of the world’s rare-earth magnets, and imposed export controls on such products earlier this year. MP Materials will expand its existing plant at Fort Worth in Texas, with the aim of ramping up production of magnets from just 1,000 tonnes per annum to 10,000 tonnes. The Department of Defense recently agreed to invest hundreds of millions of dollars in MP Materials, and will become its largest shareholder

CORPORATES
MP MATERIALS CORPORATION, UNITED STATES. DEPT OF DEFENSE

The Murdochs are stuck in a multibillion-dollar family feud. The empire they’re fighting over is flourishing

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Original article by
The Sydney Morning Herald – Page: Online : 4-Jun-25

Media magnate Rupert Murdoch will pursue an appeal against a Nevada court’s ruling in late 2024 which blocked his bid to change the terms of a family trust. However, the Murdoch family’s in-fighting over the future control of their media empire appears to have had little impact on News Corp and Fox Corp. Fox’s market capitalisation has risen to around $US24bn ($37bn), despite the growing shift from both cable and broadcast TV to streaming services; the 2019 decision to sell its general entertainment assets and focus on news and sport has paid off. Likewise, News Corp’s share price has risen by nearly 50 per cent in the last two years, although Jason Bazinet of Citigroup contends that this is due largely to assets such as its stake in REA Group rather than its newspaper and book publishing assets.

CORPORATES
FOX CORPORATION, NEWS CORPORATION – ASX NWS, CITIGROUP INCORPORATED, REA GROUP LIMITED – ASX REA

New Australian free-to-air TV rules could allow alcohol ads from 10am, even on weekends and school holidays

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Original article by Amanda Meade
The Guardian Australia – Page: Online : 21-May-25

Free TV Australia has proposed a revised code of practice for the nation’s commercial broadcasters. Amongst other things, the industry lobby group is pushing for M-rated TV programs to be broadcast for five hours during the daytime, rather than three at present; alcohol advertisements are permitted during M-rated blocks of programming, and Free TV Australia wants there to be no restrictions on such ads during weekends and school holidays, when children are most likely to be watching TV. It also proposes retaining the current loophole that allows alcohol ads to be shown during live sports broadcasts. The Australian Communications & Media Authority is currently reviewing the proposed changes to the code, which has not been updated for about a decade.

CORPORATES
FREE TV AUSTRALIA LIMITED, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY

Piastri factor puts heat on Formula 1 TV rights race

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Original article by Calum Jaspan
The Age – Page: Online : 8-May-25

Nine Entertainment’s CEO Matt Stanton says the media group is interested in securing the broadcasting rights for Formula 1 racing. Foxtel currently holds exclusive rights to all F1 races except the Australian Grand Prix in Melbourne, which is also televised by the Ten Network under the nation’s anti-siphoning laws for major sports events. Foxtel is believed to be in the final year of its current three-year rights deal, and F1 would be a good fit for Nine’s Stan Sport streaming platform. The success of Australian driver Oscar Piastri so far in the current F1 is likely to have boosted local interest in the sport.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN SPORT

Mother’s Day love: fewer Aussies spending more

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Original article by
Australian Retailers Association – Page: Online : 7-May-25

A survey by the Australian Retailers Association and Roy Morgan has found that 30 per cent of Australians are set to celebrate Mother’s Day in 2025, which equates to seven million people. This is 2.7 million fewer people than in 2024, although the projected average spend is up from $102 last year to $141. In total, Australians are expected to spend $1 billion on Mother’s Day this year, which is virtually unchanged from a year ago despite tighter household budgets. Some 37% of respondents say flowers will be their gift of choice, while 20 per cent will opt for food and beverages. Other popular gifts include gift vouchers (10%), personal care items (10%), clothing and shoes (9%) and house-related gifts such as homewares and gardening hardware (7%). The ARA’s Fleur Brown says that special spending events like Mother’s Day help to keep the retail sector resilient.

CORPORATES
AUSTRALIAN RETAILERS ASSOCIATION, ROY MORGAN LIMITED

PM’s $1.65b refinery in offshore JV

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Original article by Brad Thompson
The Australian – Page: 17 : 23-Apr-25

RareX and Iluka Resources have teamed up to make a joint bid for the right to develop the Mrima Hill rare earths project in Kenya. The two companies propose to ship ore from Mrima Hill to Western Australia, and process it at Iluka’s Eneabba rare earths refinery which is under construction. RareX’s MD James Durrant says the company has spent several years building trust and relationships in Kenya amid growing interest in the Mrima Hill deposit among countries such as the US and China. Iluka has received more than $1.6bn in taxpayer support for the Eneabba refinery.

CORPORATES
RAREX LIMITED – ASX REE, ILUKA RESOURCES LIMITED – ASX ILU