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Mag queen tips Bauer will axe Pacific titles

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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

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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

News Corp on the prowl for job cuts and efficiencies to survive corona crisis

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Original article by Rod Myer
The New Daily – Page: Online : 28-Apr-20

News Corp has engaged Deloitte to undertake a review of the media company’s Australian operations as it seeks to respond to the impact of COVID-19. It is understood that the review will focus on reviewing and cutting print costs, and centralising editorial and commercial functions. Measures already announced by News in response to COVID-19 include stopping the printing of around 60 community newspapers, while it has indicated that the virus will have a "material adverse impact" on its revenues.

CORPORATES
NEWS CORPORATION – ASX NWS, DELOITTE TOUCHE TOHMATSU LIMITED

AAP closure and AFP raids see Australia slide in World Press Freedom Index

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Original article by Hannah Blackiston
Mumbrella – Page: Online : 24-Apr-20

Australia has ranked 26th in the 2020 World Press Freedom Index, down from 19th place in 2019. The index is compiled by Reporters Without Borders, which has indicated that the decline was largely due to the proposed closure of newswire service AAP and police raids on the ABC’s head office and the home of a News Corporation journalist in mid-2019. Numerous national security laws brought in since the September 11 terror attacks in the US and defamation laws passed in 2018 were also seen as of concern by Reporters Without Borders.

CORPORATES
REPORTERS WITHOUT BORDERS, AUSTRALIAN BROADCASTING CORPORATION, NEWS CORPORATION – ASX NWS, AUSTRALIAN FEDERAL POLICE, AUSTRALIAN ASSOCIATED PRESS PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

TV networks brace for potential 30 per cent fall in ad revenues despite rising viewership

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Original article by Rod Myer
The New Daily – Page: Online : 21-Apr-20

The coronavirus lockdown has prompted a spike in ratings for TV news bulletins as Australians seek information on the pandemic. Think TV CEO Kim Portrate says there has been strong growth in audiences for traditional linear TV, broadcast video-on-demand and subscription video-on-demand services. However, TV networks’ revenue is being hit by a sharp fall in bookings from advertisers; Jane Ratcliffe from Standard Media Index estimates that ad revenue could fall by 25-30 per cent in April.

CORPORATES
THINK TV, SMI MEDIA INCORPORATED

ABC’s cash-for-Covid doctor slammed for seeking access to federal GP advisory contract

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Original article by Greg Brown, Brad Norington
The Australian – Page: 3 : 20-Apr-20

Dr Norman Swan, the host of ABC Radio National’s ‘The Health Report’, has been accused of a ‘conflict of interest’ by federal Liberal MP Craig Kelly. This follows reports that a company of which Swan is a director was trying to secure a contract for an advertising campaign funded by the federal government to promote awareness of COVID-19 among GPs at the same time that Swan was criticising the government’s strategy on the virus. Kelly claims Swan’s predictions about the impact of COVID-19 had been shown to be "alarmist and hopelessly wrong".

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION

It’s too little, too late: media lament aid deal

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Original article by Lilly Vitorovich, Leo Shanahan
The Australian – Page: 13 & 16 : 16-Apr-20

The federal government has announced a $91m financial relief package for the media sector, which has been hard hit by the coronavirus pandemic. Amongst other things, the government will suspend content quotas for local drama and children’s programs for the rest of the year, while TV and radio networks will collectively receive $41m in tax rebates for spectrum fees. Regional media companies will also receive financial support totalling $50m. However, industry executives had hoped for a further relaxation of cross-media ownership laws and action to force digital companies to pay for content.

CORPORATES
AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TEN NETWORK HOLDINGS LIMITED, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMMUNITY MEDIA, ELLIOTT NEWSPAPER GROUP PTY LTD, PRIME MEDIA GROUP LIMITED – ASX PRT, HT&E LIMITED – ASX HT1

AFP search of journalist’s home illegal

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Original article by Michael Pelly, Andrew Tillett
The Australian Financial Review – Page: 10 : 16-Apr-20

Australian Federal Police commissioner Reece Kershaw says News Corp journalist Annika Smethurst could still face criminal charges despite a landmark High Court ruling on the legal validity of a search warrant. The court has unanimously ruled that the warrant used to search her home in June 2019 was invalid as it was too imprecise and "impossibly wide". However, the court narrowly rejected an application for an injunction requiring the AFP to return or destroy data that it seized in the raid.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, HIGH COURT OF AUSTRALIA, AUSTRALIAN FEDERAL POLICE

News Corp warns of hit to Foxtel, Kayo and real estate classifieds

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Original article by Max Mason
The Australian Financial Review – Page: 17 : 15-Apr-20

News Corp expects to lose more Foxtel and Kayo Sports subscribers due to the impact of the coronavirus pandemic on live sports events. Foxtel’s broadcast and commercial subscriber base fell to 2.268 million in the December quarter, compared with 2.326 million in the September quarter, while its churn rate rose from 14.4 per cent to 16 per cent. Meanwhile, Kayo boasted 402,000 paid subscribers in early November, but this had fallen to around 370,000 by early February. News Corp also expects its property listings businesses in Australia and the US to be hit by the pandemic.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, REA GROUP LIMITED – ASX REA, MOVE INCORPORATED

Catalano’s Australian Community Media to suspend some print titles

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Original article by Zoe Samios
The Sydney Morning Herald – Page: Online : 15-Apr-20

Australian Community Media has responded to the coronavirus-induced downturn in the advertising market by suspending publication of some non-daily regional print newspapers. Four of its printing facilities will also be closed until late June. ACM’s joint owner Antony Catalano says he recently approached Communications Minister Paul Fletcher about financial support for regional media groups. Catalano contends that consolidation in the regional media sector is necessary.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA