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Christmas coming early as retailers brace for November splurge

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Original article by Matthew Elmas
The New Daily – Page: Online : 10-Nov-21

Australia Post is ramping up its parcel delivery services in expectations of a big increase in online shopping in November. The annual Click Frenzy event has signalled the start of the anticipated surge in online sales in the lead-up to Christmas. The Australian Retailers Association has forecast that the upcoming Black Friday and Cyber Monday events will generate some $5.4bn worth of retail sales in just four days. Roy Morgan CEO Michele Levine says the recent ending of COVID-19 lockdowns in Sydney, Melbourne and Canberra is likely to see retail spending in November either match or exceed the record levels of 2020.

CORPORATES
AUSTRALIA POST, CLICK FRENZY PTY LTD, AUSTRALIAN RETAILERS ASSOCIATION, ROY MORGAN LIMITED

Nine Network says Seven top with more over 65s

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Original article by Miranda Ward
The Australian Financial Review – Page: 29 : 8-Nov-21

The Seven Network has won the 2021 ratings year with a total audience share of 38.3 per cent, ahead of the Nine Network with 37.8 per cent. However, Nine claims to have won the key 25-54 age demographic with less than four weeks until the end of the ratings year. Nine’s head of television Michael Healy contends that the network has recorded significant growth year-on-year across the key demographics, while Seven’s growth of 0.9 share has been primarily in the 65+ age demographic.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM

ABC dismisses Fox News’ Four Corners complaint

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Original article by Zoe Samios
The Age – Page: Online : 8-Nov-21

The ABC’s internal complaints department has found that "Fox and the Big Lie" did not breach the national broadcaster’s code of practice. The two-part Four Corners documentary examined how US cable network Fox News covered the 2020 presidential election. Fox News called for an external inquiry into the Four Corners story shortly after it had been broadcast, and the ABC is said to have provided Fox with a detailed response as to why its complaints had been dismissed. The ABC recently commissioned a review of its procedures for handling complaints, its first such review in 12 years.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, FOX NEWS

Seven West lobs new deal for Prime

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Original article by Sophie Elsworth
The Australian – Page: 15 : 2-Nov-21

Seven West Media is set to acquire regional broadcasting affiliate Prime Media in a $131.9m deal. The transaction will require approval from at least 50 per cent of Prime’s shareholders, and Seven West has indicated that investors who hold some 43.5 per cent of Prime’s shares have already expressed support for the deal. Seven West CEO James Warburton says the deal will extend the group’s audience reach and provide advertisers and media buyers with access to metropolitan and regional markets via a single platform. Seven’s previous bid for Prime in 2019 was blocked by key shareholders.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT

Pilbara Minerals sets new record for spot lithium cargo

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Original article by Stuart McKinnon
The West Australian – Page: Online : 28-Oct-21

Pilbara Minerals has held its third auction of lithium concentrate since launching its Battery Material Exchange earlier in 2021. Pilbara Minerals has advised that it received a record bid of $US2,350 per tonne for a 10,000 tonne cargo of 5.5 per cent lithium concentrate in its latest auction via the digital platform. The price of lithium has more than doubled in the last year, amid rising demand for the battery mineral.

CORPORATES
PILBARA MINERALS LIMITED – ASX PLS

News Corp is gaining momentum: Thomson

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Original article by James Madden
The Australian – Page: 15 : 27-Oct-21

News Corporation’s annual report shows that revenue increased by four per cent in 2020-21, including 30 per cent growth in the fourth quarter. The global media group’s profitability increased by 26 per cent in 2020-21; CEO Robert Thomson noted in the annual report that it was the group’s most profitable year since the current incarnation of News Corp was established in 2013. Thomson is upbeat about the growth outlook for News Corp, and has highlighted the strong performance of Foxtel.

CORPORATES
NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD

ABC board left out on legal costs

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Original article by James Madden, Sophie Elsworth
The Australian – Page: 3 : 27-Oct-21

The ABC’s MD David Anderson has told a Senate estimates hearing that he made the decision to pay the legal costs of journalist Louise Milligan in a defamation case, and he did not consult the public broadcaster’s board. Anderson defended his actions by saying he had legal advice to the effect that the ABC could potentially have been held vicariously liable for Milligan’s social media posts regarding Liberal MP Andrew Laming; this could have resulted in legal costs for the ABC of up to $700,000. It is estimated that the ABC has incurred legal costs of about $184,000 arising from the case.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, LIBERAL PARTY OF AUSTRALIA

ABC in cover-up claim over Louise Milligan’s tweets about MP Andrew Laming

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Original article by Janet Fife-Yeomans
The Daily Telegraph – Page: Online : 26-Oct-21

The ABC is under renewed scrutiny over Andrew Laming’s defamation payout after the public broadcaster declined to release 161 documents concerning the case. The documents in question involve internal discussions regarding the tweets of journalist Louise Milligan about the federal Liberal MP. The documents were requested via freedom of information laws, but the ABC released copies of the documents in which most of the text had been blacked out. One Nation MP Mark Latham has urged Communications Minister Paul Fletcher to release all documents relating to the Laming case.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, LIBERAL PARTY OF AUSTRALIA, ONE NATION PARTY, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS

Foxtel expands offer in ViacomCBS deal

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Original article by Sophie Elsworth
The Australian – Page: 15 : 22-Oct-21

Pay-TV group Foxtel has secured a new multi-year content deal with US media company ViacomCBS, the parent company of the Ten Network. Foxtel CEO Patrick Delany says the deal to extend its long-standing relationship with ViacomCBS will provide customers with access to a much bigger range of content. The deal includes channels such as Nickelodeon and MTV, and the integration of the Paramount+ and 10 Play apps into Foxtel’s iQ3, iQ4 and iQ5 set-top boxes.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, VIACOMCBS INCORPORATED, TEN NETWORK HOLDINGS LIMITED

‘ABC’s $150k legal costs move flawed’

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Original article by Sophie Elsworth
The Australian – Page: 3 : 19-Oct-21

Auditor-General Grant Hehir has found that there is no documented advice within the ABC to support the public broadcaster’s decision to pay the legal costs of journalist Louise Milligan in the Andrew Laming defamation case. The Liberal MP’s lawsuit ended up costing the ABC about $150,000 in total. Meanwhile, John McMillan and Jim Carroll have been appointed to head an independent review of the ABC’s in-house complaints unit, which has come under growing scrutiny in recent times. McMillan is a former federal and New South Wales ombudsman, and Carroll has previously worked for SBS and the Ten Network.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. OFFICE OF THE AUDITOR-GENERAL, LIBERAL PARTY OF AUSTRALIA, SPECIAL BROADCASTING SERVICE (SBS), TEN NETWORK HOLDINGS LIMITED