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News in shared digital strategy

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Original article by Leo Shanahan
The Australian – Page: 19 : 8-Jun-20

News Corp Australia veteran Peter Blunden will head the media group’s new specialist network teams of journalists, which will produce content across its metropolitan, community and regional mastheads. He says the traditional ‘silo model’ of journalism is no longer relevant, and quality content must be shared across its portfolio of mastheads. Blunden has also defended the decision to adopt a digital-only model for some regional and community newspapers, arguing that the print editions were not sustainable.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Catalano flags return of regional newspapers

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Original article by Lilly Vitorovich
The Australian – Page: 16 : 5-Jun-20

Antony Catalano has indicated that Australian Community Media is looking at digital opportunities, but it has no plans to adopt a digital-only model for any of its regional titles. ACM put the print editions of some titles on hold in April in response to the coronavirus-induced downturn in the advertising market; Catalano says publication of these titles will resume as soon as possible, but it will depend on factors such as the pace at which lockdown restrictions are eased. He adds that there are signs of an upturn in the advertising market.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA

Online shopping boom permanent: Gumtree

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Original article by Eli Greenblat
The Australian – Page: 15 : 4-Jun-20

Gumtree MD Mark Kehoe expects the shift to online shopping during the coronavirus lockdown to be a permanent trend. He adds that traditional bricks-and-mortar retailers are being forced to catch up by expanding into the online space. Kehoe notes that consumers were searching Gumtree for items like gym equipment and office desks in the initial stages of the lockdown, but searches for outdoor equipment such as bikes increased as the restrictions eased.

CORPORATES
GUMTREE.COM AUSTRALIA PTY LTD,EBAY INCORPORATED

Success against virus boosts rare earths

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Original article by Angus Grigg
The Australian Financial Review – Page: 2 : 4-Jun-20

Rare earths miner Hastings Technology Metals has secured a 10-year off-take agreement with German automotive parts group Schaeffler. Hastings COO Andrew Reid says Schaeffler was keen to finalise the agreement given that rare earths supply from China has been disrupted by the pandemic and Australia has performed well in containing the coronavirus. Hastings aims to commence work on a rare earths processing plant in Western Australia in 2021, with initial production by 2023.

CORPORATES
HASTINGS TECHNOLOGY METALS LIMITED – ASX HAS,SCHAFFLER TECHNOLOGIES AG

Plea to save media jobs in the regions

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Original article by Max Mason
The Australian Financial Review – Page: 2 : 30-May-20

Regional media companies such as WIN Corporation and Australian Community Media have lobbied the federal government to further relax cross-media ownership laws. Concerns about the future of the regional media sector have been heightened by News Corp Australia’s decision to axe 36 regional and community newspapers and shift 76 titles to digital-only editions. The move will also result in the loss of hundreds of jobs. Further job cuts in the regional media are possible when the JobKeeper wage subsidy scheme ends in September.

CORPORATES
WIN CORPORATION PTY LTD, AUSTRALIAN COMMUNITY MEDIA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS

Nine budget cuts slam shut 60 Minutes chequebook

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Original article by Leo Shanahan
The Australian – Page: 19 : 1-Jun-20

Nine Entertainment Company is believed to have ceased the controversial practice of paid interviews, as part of broader budget cuts at its flagship ’60 Minutes’ current affairs program. Former ’60 Minutes’ reporter Ray Martin says he hated so-called "chequebook journalism" when he was at the ABC, but he came to accept that it was necessary after joining the Nine Network. Nine is also believed to have reduced the staff and travel budget of ’60 Minutes’.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN BROADCASTING CORPORATION

$1bn NRL broadcast deal kicks off

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Original article by Leo Shanahan
The Australian – Page: 13 & 20 : 29-May-20

The National Rugby League has negotiated a revised broadcasting rights deal with Fox Sports and Nine Entertainment for the 2020 season. The two broadcasters are believed to have been granted a 30 per cent discount for the remainder of their existing rights deals, which expire at the end of the 2022 season. Fox Sports has also agreed to extend its NRL rights deal for a further eight years. The NRL season resumed on 28 May, after a two-month hiatus due to the coronavirus pandemic.

CORPORATES
NATIONAL RUGBY LEAGUE, FOX SPORTS AUSTRALIA PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED

AAP bid: consumer watchdog warns Nine and News Corp against any attempt to block sale

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Original article by Paul Smee
The Guardian – Page: Online : 25-May-20

Former News Corp CEO Peter Tonagh is heading a consortium that has tabled a bid for Australian Associated Press. The consortium also includes Samuel Terry Asset Management MD Fred Woollard and Australian Impact Investments MD Kylie Charlton. It is believed that AAP’s shareholders – News Corporation, Seven West Media and Nine – have yet to accept any offer for the news wire service. Australian Competition & Consumer Commission chairman Rod Sims has stressed the importance of AAP to media diversity and competition, and he warns that any attempt by Nine and News to block its would raise concerns in regard to competition law.

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Bauer says subscriptions to its magazines have surged by over 60%

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Original article by Vivienne Kelly
Mumbrella – Page: Online : 21-May-20

Bauer Media Australia has advised that its magazine subscription sales have risen by over 60 per cent in the past month when compared to the previous month. Subscription increases for individual titles include a 97 per cent increase for ‘The Australian Women’s Weekly’ and an 81 per cent rise for ‘Woman’s Day’. When compared to the corresponding period in 2019, Bauer’s magazine subscriptions are up by 111 per cent over the past 30 days.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD

NZME fails in its push to raid Nine’s Stuff

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Original article by Lilly Vitorovich
The Australian – Page: 15 : 20-May-20

The High Court of New Zealand has rejected NZME’s application for an interim injunction to retain an exclusive negotiation period with Nine Entertainment regarding a deal to buy Stuff Limited. NZME has in turn withdrawn its application to the NZ Commerce Commission to approve the deal. Nine is said to be in talks with other potential buyers of Stuff, whose mastheads include the ‘Dominion Post’. NZME had proposed to buy Stuff for just $NZ1 ($0.93).

CORPORATES
NZME LIMITED – ASX NZM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STUFF LIMITED, HIGH COURT OF NEW ZEALAND, NEW ZEALAND. COMMERCE COMMISSION