MASS MEDIA – AUSTRALIA

Shareholders to vote on Foxtel

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Original article by Jake Mitchell, Darren Davidson
The Australian – Page: 21 : 26-Nov-15

Ten Network’s shares closed at $A0.16 on 25 November 2015. However, Morgan Stanley has upgraded its share price target to $A0.29, describing the network as a "early stage turnaround story". Meanwhile, Foxtel has emerged with a 12.5 per cent stake in Ten following a rights issue. Some 50 per cent of Ten’s shareholders will have to approve the issuance of a further 56.8 million shares to the pay-TV group in order to lift its stake to 14.9 per cent.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, MORGAN STANLEY AUSTRALIA LIMITED

Fairfax investor Waislitz backs cuts

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Original article by Damon Kitney
The Australian – Page: 23 : 25-Nov-15

Media reports have suggested that News Corp Australia intends to retrench 55 journalists, while there is speculation that further job cuts are planned at Fairfax Media. Businessman Alex Waislitz does not expect the quality of journalism to be affected by the job cuts, and he argues that it is essential for companies in "sunset industries" to reduce costs in order to survive. Waislitz holds around two per cent of Fairfax’s shares via Thorney Investment Group and Thorney Opportunities Limited.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, THORNEY INVESTMENT GROUP AUSTRALIA PTY LTD, THORNEY OPPORTUNITIES LIMITED – ASX TOP, DOMAIN.COM.AU, IANGELS

Nine confirms Apollo’s exit from share register

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Original article by Jake Mitchell
The Australian – Page: 21 : 24-Nov-15

Apollo Global Management has sold its remaining 9.82 per cent stake in Nine Entertainment Company. The US hedge fund sold out of the media group at $A1.61 per share, gaining about $A140m from the transaction. Apollo and Oaktree Capital provided Nine with a financial lifeline in 2012, and they have progressively reduced their stakes. Oaktree now holds 7.8 per cent of Nine’s shares.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, APOLLO GLOBAL MANAGEMENT LLC, OAKTREE CAPITAL MANAGEMENT LLC, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, UBS HOLDINGS PTY LTD

Bauer targets Southern Cross

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Original article by Jake Mitchell, Darren Davidson
The Australian – Page: 23 : 23-Nov-15

Bauer Media is believed to be considering a takeover bid for Southern Cross Media Group in order to diversify its Australian business. Bauer approached rival radio group Nova Entertainment in 2014, but Nova has ruled out a sale. Southern Cross Media’s network of metropolitan and regional radio stations accounts for the bulk of its revenue, and Bauer is said to be keen to reduce its reliance on revenue from magazines. Bauer is the leading player in Europe’s radio sector.

CORPORATES
BAUER MEDIA KG, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SOUTHERN CROSS AUSTEREO PTY LTD, NOVA ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE GROUP LIMITED – ASX MQG, MACQUARIE MEDIA LIMITED – ASX MRN, ACP MAGAZINES LIMITED, HIT NETWORK, TRIPLE M CORPORATION PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, ILLYRIA PTY LTD, AUSTRALIAN RADIO NETWORK PTY LTD, APN NEWS AND MEDIA LIMITED – ASX APN, NEWS CORPORATION – ASX NWS, KIIS1065, SMOOTHFM, ALLAN GRAY AUSTRALIA PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, WIN CORPORATION PTY LTD

Boys’ club ‘alive and well’ in TV industry

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Original article by Darren Davidson
The Australian – Page: 23 : 23-Nov-15

Sylvia Jeffreys joined the Nine Network’s "Today" breakfast show as its news presenter in mid-2014. She says the network has a large number of female news reporters and newsreaders, but concedes that sexism remains an issue for the broader TV industry. She adds that men continue to hold the majority of top roles in the media sector.

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

Gordon has new tune for talks with Nine

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Original article by Jake Mitchell
The Australian – Page: 22 : 20-Nov-15

Nine Entertainment Company is seeking to conclude negotiations for a new affiliate agreement with regional broadcaster WIN Corporation. However, Nine is also holding merger talks with Southern Cross Media Group. WIN owner Bruce Gordon also has 14.9 per cent stakes in both Nine and Ten Network, positioning him to play a key role in TV industry consolidation if cross-media ownership rules are relaxed.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

NRL clubs threaten breakaway over TV

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Original article by Darren Davidson
The Australian – Page: 5 : 19-Nov-15

The National Rugby League (NRL) faces a potential split over the issue of pay-TV broadcasting rights, with some teams warning that they could withdraw from the league if a deal is not finalised. The NRL had been negotiating a new deal with Fox Sports and Telstra, but it is believed to have canvassed interest from Singtel Optus, which recently secured exclusive Australian rights to English Premier League matches.

CORPORATES
NATIONAL RUGBY LEAGUE, AUSTRALIAN RUGBY LEAGUE COMMISSION LIMITED, FOX SPORTS AUSTRALIA PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SINGTEL OPTUS PTY LTD, ENGLISH PREMIER LEAGUE, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Marks ushers Nine into new viewing era

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Original article by Max Mason
The Australian Financial Review – Page: 30 : 16-Nov-15

Nine Entertainment Company is a "content business" rather than a traditional TV broadcaster, according to new CEO Hugh Marks. He has succeeded David Gyngell at a time when TV networks face growing competition from video-on-demand providers and a shift to multi-platform viewing. Nine has flagged a greater focus on local content in the next three years, after terminating a content deal with US-based Warner Bros, while it will begin live streaming of its TV channels in 2016.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WARNER BROS, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NETFLIX INCORPORATED, GOOGLE INCORPORATED, GROUPM COMMUNICATIONS PTY LTD, SINGTEL OPTUS PTY LTD, ENGLISH PREMIER LEAGUE, NATIONAL RUGBY LEAGUE, SOUTHERN STAR CORPORATION, ENDEMOL ENTERTAINMENT HOLDING NV, GENERAL ELECTRIC COMPANY, MEDIA VENTURE PARTNERS PTY LTD, RGM ARTISTS PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY

Fairfax faces FWC over role ‘made redundant during maternity leave’

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Original article by Jake Mitchell
The Australian – Page: 26 : 16-Nov-15

Fairfax Media has declined to comment on allegations that it retrenched consumer marketing director Vicki Aristidopoulos shortly before she was due to return from maternity leave. Aristidopoulos has lodged a general protections application with the Fair Work Commission, claiming that she was not consulted by Fairfax prior to being offered a redundancy package in October 2015. Her redundancy followed a restructuring at Fairfax.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. FAIR WORK COMMISSION, FINANCIAL REVIEW GROUP, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUDIT BUREAU OF CIRCULATIONS

Nine and News try to break impasse

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Original article by Darren Davidson, Jake Mitchell
The Australian – Page: 26 : 16-Nov-15

A compromise between Nine Entertainment Company and News Corporation regarding National Rugby League (NRL) coverage is expected to take some time. The two media groups have proposed that Nine and News Corp-owned Fox Sports each broadcast one NRL match on Friday nights, while Nine would relinquish the Saturday night match, which is currently broadcast by Fox Sports. Nine recently secured NRL broadcasting rights from 2018.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOX SPORTS AUSTRALIA PTY LTD, AUSTRALIAN FOOTBALL LEAGUE