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Ten looks local to weather cricket loss

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Original article by Dana McCauley
The Australian – Page: 24 : 2-Jul-18

UBS forecasts that Australia’s free-to-air TV advertising market will record growth of 1.5 per cent in 2018-19. The firm says elections at federal and state level will boost the ad revenue of the Seven and Nine networks. Meanwhile, UBS figures show that the Ten Network’s share of ad revenue fell sharply during the first half of 2018. Ten intends to ramp up its local content after losing the Big Bash League broadcasting rights, with a number of new shows set to debut in the second half.

CORPORATES
UBS HOLDINGS PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, CBS CORPORATION, BIG BASH LEAGUE, CRICKET AUSTRALIA

Optus lets SBS simulcast rest of World Cup

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Original article by Jennifer Duke
The Age – Page: 5 : 29-Jun-18

Optus CEO Allen Lew says the telco is confident that it has resolved the technical issues that plagued its live streaming coverage during the first week of the FIFA World Cup. However, Optus has agreed to allow SBS to broadcast all remaining matches in the tournament, including ones that were initially to have been exclusive to Optus Sport. SBS MD Michael Ebeid notes that the public broadcaster’s World Cup coverage has attracted eight million viewers to date. Meanwhile, Tunisia has won 2-1 against Panama in the latest World Cup match.

CORPORATES
SINGTEL OPTUS PTY LTD, SPECIAL BROADCASTING SERVICE (SBS), WORLD CUP, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, ENGLISH PREMIER LEAGUE

Court tells Wilson to pay back $4.2m

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Original article by Michael Pelly
The Australian Financial Review – Page: 2 : 28-Jun-18

Victoria’s Court of Appeal has ordered Hollywood star Rebel Wilson to pay 80 per cent of the legal costs that Bauer Media incurred in its appeal against her landmark defamation payout. Wilson had initially been awarded a record $A4.7m, which Bauer paid in September 2017. This was subsequently reduced to just $A600,000 plus interest on appeal, and Wilson has been ordered to repay more than $A4.1m.

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BAUER MEDIA AUSTRALIA PTY LTD, COURT OF APPEAL (VICTORIA)

Disney, Fox agree on $97bn merger

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Original article by Keach Hagey, Erich Schwartzel
The Australian – Page: 24 : 22-Jun-18

Walt Disney Company CEO Bob Iger has ruled out a deal with Comcast to carve up the entertainment assets of 21st Century Fox. Sources have indicated that Fox and Disney are finalising the terms of the latter’s $US71.3bn ($A96.8bn) cash and scrip deal, which has trumped Comcast’s $US65bn cash bid. Fox shareholders are expected to emerge with about 19 per cent of the enlarged Disney via the revised deal, compared with around 25 per cent under its previous scrip-only offer.

CORPORATES
21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, COMCAST CORPORATION, FOX NEWS, FOX BROADCASTING COMPANY, COWEN AND COMPANY, MOODY’S INVESTORS SERVICE INCORPORATED, S&P GLOBAL RATINGS, NETFLIX INCORPORATED, SKY PLC, STAR INDIA, HULU LLC

Fox agrees to Disney offer

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Original article by
The Australian – Page: 22 : 21-Jun-18

Rupert Murdoch’s 21st Century Fox has accepted Walt Disney Company’s revised offer of more than $US70bn for the bulk of its entertainment assets. Disney had originally proposed a scrip-only bid worth $US52.4bn, but it has agreed to allow Fox shareholders to accept a combination of cash and shares. The cash component will be attractive to major Fox shareholders such as the Murdochs, given the capital gains tax implications of a cash-only bid. Disney’s latest offer has trumped Comcast’s $US65bn cash bid.

CORPORATES
21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, COMCAST CORPORATION, SKY PLC, STAR INDIA, HULU LLC, FOX NEWS, FOX BROADCASTING COMPANY

Battered ABC chief throws counter-punches

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Original article by Stephen Brook, Richard Ferguson
The Australian – Page: 5 : 20-Jun-18

ABC MD Michelle Guthrie has defended the public broadcaster in a Melbourne Press Club speech. She argued that the ABC contributes at least $A1bn to the broader economy each year, and it directly or indirectly supports about 6,500 jobs. Guthrie added that the ABC is still highly valued by the general public, and any move to privatise it would be opposed by both the public and the commercial media sector.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, MELBOURNE PRESS CLUB, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Customers win as Amazon, eBay face off

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Original article by Chris Griffith
The Australian – Page: 3 : 19-Jun-18

E-commerce giant Amazon has advised that Australians who join its premium subscription service will receive free delivery on many items in just two business days. Amazon Prime will be officially launched in Australia on 19 June, and it will compete with the recently launched eBay Plus service. Australians will be able to take out a free trial subscription to both services, while Amazon and eBay are also offering a discounted annual subscription package for a limited time.

CORPORATES
AMAZON.COM INCORPORATED, EBAY AUSTRALIA AND NEW ZEALAND PTY LTD, EBAY INCORPORATED, MYER HOLDINGS LIMITED – ASX MYR, TARGET AUSTRALIA PTY LTD, CHEMIST WAREHOUSE

$86bn bid for Fox ignites Disney fight

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Original article by Shalini Ramachandran, Erich Schwartzel
The Australian – Page: 25 : 15-Jun-18

US media group Comcast has offered $US35 per share for the bulk of 21st Century Fox’s entertainment assets, valuing its bid at about $US65bn ($A86bn). Fox has advised that it will "carefully review and consider" the cash bid, which has trumped Walt Disney Company’s scrip bid. The Disney offer is valued at $US29.18 per share based on Fox’s current share price. Fox would retain assets such as Fox News and its broadcast TV network if either bid succeeds.

CORPORATES
21ST CENTURY FOX INCORPORATED, COMCAST CORPORATION, WALT DISNEY COMPANY, FOX NEWS, FOX BROADCASTING COMPANY, AT&T CORPORATION, TIME WARNER INCORPORATED, HBO, CNN, WARNER BROS, BARCLAYS BANK PLC, NETFLIX INCORPORATED, HULU LLC, FACEBOOK INCORPORATED

Ruling will unleash new wave of tie-ups

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Original article by John Kehoe
The Australian Financial Review – Page: 10 : 14-Jun-18

Comcast’s proposed bid for the entertainment assets of 21st Century Fox is more likely to proceed after a US court approved AT&T’s deal to acquire Time Warner. Shares in Fox have rallied amid expectations that Comcast will trump Walt Disney Company’s $US52bn offer for the bulk of Fox’s assets. Media analyst Craig Moffett says the AT&T-Time Warner merger is likely to prompt further consolidation in the media sector.

CORPORATES
AT&T CORPORATION, TIME WARNER INCORPORATED, 21ST CENTURY FOX INCORPORATED, COMCAST CORPORATION, WALT DISNEY COMPANY, CNN, HBO, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF JUSTICE, STAR INDIA, HULU LLC, SKY PLC, VERIZON COMMUNICATIONS INCORPORATED, BTIG LLC, NETFLIX INCORPORATED, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED

Lithium processing in WA grows to five plants

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Original article by Brad Thompson
The Australian Financial Review – Page: 24 : 7-Jun-18

Neometals proposes to build a lithium hydroxide plant near Kalgoorlie, with an annual processing capacity of 10,000 tonnes. Should the project proceed, it will increase the potential lithium processing capacity in Western Australia to around 200,000 tonnes a year, given that four other plants have either been proposed or are under construction in the state. Neometals plans to source spodumene for the plant from the Mount Marion lithium mine. A final investment decision is expected in mid-2019.

CORPORATES
NEOMETALS LIMITED – ASX NMT, KIDMAN RESOURCES LIMITED – ASX KDR, SOCIEDAD QUIMICA Y MINERA SA, MINERAL RESOURCES LIMITED – ASX MIN, TIANQI LITHIUM CORPORATION, ALBERMARLE CORPORATION, MORGAN STANLEY AND COMPANY INCORPORATED, GLOBAL ADVANCED METALS PTY LTD, RESOURCE CAPITAL FUNDS, SUPREME COURT OF WESTERN AUSTRALIA, CITY OF KALGOORLIE-BOULDER