MASS MEDIA – AUSTRALIA

Changing channels: execs brace for uncertainty as regional stations meet new partners

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Original article by Jake Mitchell
The Australian – Page: 23 : 27-Jun-16

Media buying agencies have had to cancel some advertising sales deals that were booked prior to the new regional TV affiliation agreements that take effect on 1 July 2016. WIN Corporation and Southern Cross Media Group will switch metropolitan affiliates, which is likely to cause confusion among some viewers and affect media buyers’ ad sales in July. The media landscape is expected to face further changes if cross-media ownership laws are abolished, with the prospect of mergers between metropolitan and regional networks.

CORPORATES
WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, OPTIMUM MEDIA DIRECTION PTY LTD, SEVEN NETWORK LIMITED, SMI MEDIA INCORPORATED, PRIME MEDIA GROUP LIMITED – ASX PRT

Gordon positions to increase Ten holding

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Original article by Max Mason
The Australian Financial Review – Page: 19 : 23-Jun-16

Cross-ownership laws prevent Bruce Gordon from increasing his 14.6 per cent stake in the Ten Network to more than 15 per cent. However, the WIN Corporation owner could potentially lift his stake in Ten by 2.5 per cent if media ownership laws are relaxed, after he secured a cash-settled share swap deal with Deutsche Bank. Gordon has previously entered a similar arrangement with the investment bank regarding Nine Entertainment Company.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, DEUTSCHE BANK AG, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BIRKETU PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Thwarted Guvera eyes an alternative listing

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Original article by David Swan
The Australian – Page: 21 : 22-Jun-16

Streaming music provider Guvera may seek to list on the National Stock Exchange after its IPO was vetoed by ASX Limited. Listing on the NSX is believed to be one of the options under consideration by Guvera, which posted a loss of about $A80m for the first nine months of 2015-16. The company’s business model has been criticised by its former COO, Michael Wallis-Brown. Atlassian co-founder Mike Cannon-Brookes has also supported the ASX’s decision to block the IPO.

CORPORATES
GUVERA LIMITED, ASX LIMITED – ASX ASX, NATIONAL STOCK EXCHANGE OF AUSTRALIA LIMITED, ATLASSIAN CORPORATION PLC, AMMA PRIVATE EQUITY PTY LTD

Guvera critics back ASX ban

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Original article by Yolanda Redrup, Sally Rose
The Australian Financial Review – Page: 15 : 21-Jun-16

Axstra Capital MD Reuben Buchanan and Atlassian co-founder Mike Cannon-Brookes have expressed support for the ASX’s decision to block Guvera’s IPO. The latter says investors would have lost their money if the streaming music provider’s IPO had been allowed to proceed. Guvera posted an $A81m loss in 2014-15, on revenue of just $A1.2m. However, TechnologyOne CEO Adrian Di Marco has criticised the ASX’s decision.

CORPORATES
GUVERA LIMITED, AXSTRA CAPITAL PTY LTD, ATLASSIAN CORPORATION PLC, TECHNOLOGY ONE LIMITED – ASX TNE, ASX LIMITED – ASX ASX, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, BITCOIN GROUP LIMITED, EM ADVISORY PTY LTD, REDBUBBLE LIMITED – ASX RBL, AMMA PRIVATE EQUITY PTY LTD

WIN playing hard ball on content deal

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Original article by Jake Mitchell
The Australian – Page: 23 : 20-Jun-16

The Tasmanian Digital Television joint venture between WIN Corporation and Southern Cross Media Group. TDT will broadcast the Ten Network’s programs until mid-2016, when the affiliation agreement between Ten and Southern Cross ends. Southern Cross’s switch to Nine Entertainment Company’s content in key regional markets in some mainland states means the future of Nine’s content in Tasmania is uncertain. WIN is believed to be reluctant to pay to broadcast Nine’s content in Tasmania as TDT is not profitable.

CORPORATES
TASMANIAN DIGITAL TELEVISION PTY LTD, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT

APN sale draws out rival bidders

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Original article by Jake Mitchell
The Australian – Page: 23 : 20-Jun-16

APN News & Media is hoping to sell its regional newspapers business for $A50m, although some observers believe that a lower price is likely. News Corporation and Singapore-based Fetch Plus are among the groups that have submitted binding offers to buy the Australia Regional Media business. News Corp Australia holds a 14.9 per cent stake in APN, and executive chairman Michael Miller is a former CEO of APN.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN REGIONAL MEDIA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FETCH PLUS INCORPORATED PTE LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, AQUASIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, AUSTAR UNITED COMMUNICATIONS LIMITED, TEN NETWORK HOLDINGS LIMITED – ASX TEN, ABN AMRO AUSTRALIA LIMITED, NZME, FAIRFAX MEDIA LIMITED – ASX FXJ, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, NEW ZEALAND. COMMERCE COMMISSION

Listeners are tuning in like never before

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Original article by Michael Bodey
The Australian – Page: 23 : 20-Jun-16

Many Australian radio programs have attracted record cumulative audiences in 2016, including Neil Mitchell’s talk show on 3AW in Melbourne and KIIS FM’s "Kyle & Jackie O". Duncan Campbell of the Australian Radio Network says the audience figures indicate that radio should not be underestimated. Data from Commercial Radio Australia shows that metropolitan radio attracted a cumulative weekly audience of 10.3 million in 2015.

CORPORATES
3AW SOUTHERN CROSS RADIO PTY LTD, KIIS1065, AUSTRALIAN RADIO NETWORK PTY LTD, NOVA 106.9 PTY LTD, ABC RADIO, 97.3 COAST FM, SMOOTHFM, MACQUARIE MEDIA LIMITED – ASX MRN, COMMERCIAL RADIO AUSTRALIA LIMITED, NOVA ENTERTAINMENT PTY LTD, MEDIA FEDERATION OF AUSTRALIA

Fetch TV renews Dodo deal, adds Presto, 9Now and Spike

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Original article by Max Mason
The Australian Financial Review – Page: 26 : 17-Jun-16

Pay television service Fetch TV has renewed its partnership with M2’s Dodo. Its platform has been expanded by the addition of new services such as Spike TV, subscription streaming service Presto and free-to-air streaming service 9Now. Fetch TV has a target of 600,000 subscribers by the end of 2016. In May 2016, it reached the figure of 400,000 subscribers.

CORPORATES
FETCHTV PTY LTD, DODO AUSTRALIA PTY LTD, M2 ENTERTAINMENT, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, SPIKE (AUSTRALIA) PTY LTD, PRESTO ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, ASTRO, FOXTEL MANAGEMENT PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM

Five million Australians now have Netflix; Stan and Presto are still well behind, but growing

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 15-Jun-16

A Roy Morgan Single Source survey has found that almost five million Australians aged 14+ had access to Netflix in the three months to May 2016, while 1,878,000 households now use the subscription video-on-demand service. Some 891,000 Australians in 332,000 households now have access to Stan, while Presto now reaches 353,000 people in 142,000 subscribing homes. Meanwhile, Roy Morgan estimates that 92 per cent of Netflix users (1,734,000 households) had a paid subscription in the May quarter, compared with 78 per cent of Stan subscribers (260,000 homes) and 64 per cent of Presto subscribers (around 91,000 homes).

CORPORATES
ROY MORGAN RESEARCH LIMITED, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD

The 10 most (and least) politically engaged electorates

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 15-Jun-16

A Roy Morgan Single Source survey has found that just 19 per cent of Australian electors especially want to read, watch or hear any political analysis in their media during the week. The survey also shows that Greens voters are most likely to want some political analysis in their media at least once during the week (26 per cent), while ALP voters are slightly more likely than average (20 per cent) and Liberal voters are slightly less likely than average (18 per cent). Meanwhile, electorates where voters are most likely to want some political analysis in their media include Grayndler (46 per cent), Goldstein (40 per cent) and North Sydney (39 per cent). In contrast, just seven per cent of voters in the electorates of Forde, Wakefield, and Werriwa want political analysis in their media.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA