MASS MEDIA – AUSTRALIA

Foxtel-Ten deal gets ACCC green light but watch this space

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Original article by Max Mason
The Australian Financial Review – Page: 13 & 18 : 23-Oct-15

The Australian Competition & Consumer Commission has approved an equity alliance between Ten Network and pay-TV group Foxtel. The competition regulator ruled that the deal is unlikely to result in a substantial lessening of competition. However, chairman Rod Sims says the ACCC could intervene if future transactions between the two groups raise competition concerns, such as making a joint bid for the rights to sports broadcasts. Sims has also questioned whether streaming of TV broadcasts has reduced the effectiveness of the "reach rule".

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOX SPORTS AUSTRALIA PTY LTD, MULTI CHANNEL NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, ILLYRIA PTY LTD

Nine ready to deal with News on NRL

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Original article by Darren Davidson
The Australian – Page: 19 : 22-Oct-15

Nine Entertainment Company recently secured a $A925m deal to broadcast National Rugby League matches from 2018. It includes the Super Saturday match that is currently broadcast exclusively by News Corp Australia-owned Fox Sports. News Corp paid $A530m for the NRL’s pay-TV rights under its current deal, but it is believed to be unwilling to pay as much for the next rights deal unless the Saturday match is included. Nine is said to be willing to negotiate on relinquishing the match.

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

Seven to follow viewers into the digital future with streaming

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Original article by Max Mason, Dominic White
The Australian Financial Review – Page: 25 : 22-Oct-15

Seven West Media has revealed its program line-up for 2016 at its annual "upfronts" event. Meanwhile, the media group will begin live streaming of its TV channels online from 3 November 2015, which will be supported by targeted pre-roll video advertisements. Seven West Media will also launch a programmatic advertising service called 7 Screen, as well as an online shopping service that will allow viewers to purchase grocery products that are featured on its TV shows.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, PACIFIC MAGAZINES PTY LTD, YAHOO!7 COMMUNICATIONS AUSTRALIA PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, OZTAM PTY LTD, GOOGLE INCORPORATED, NETFLIX INCORPORATED, YOUTUBE INCORPORATED

Murdoch’s great escape

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Original article by Neil Chenoweth
The Australian Financial Review – Page: 18 : 21-Oct-15

News Corporation’s non-voting A shares have traditionally traded higher than the B shares, which have voting rights. However, the latter traded at a 1.2 per cent premium in New York on 20 October 2015. Some 49.5 per cent of votes cast at the media group’s 2015 AGM were in favour of abolishing the dual-class share structure. The resolution was defeated by less than 900,000 shares. Scrapping the non-voting shares would have reduced the Murdoch family’s voting stake to 13.5 per cent.

CORPORATES
NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED, FOXTEL MANAGEMENT PTY LTD, REA GROUP LIMITED – ASX REA, NATIONAL RUGBY LEAGUE, SOUTH EASTERN ASSET MANAGEMENT

Gordon expands media empire with Nine stake

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Original article by Max Mason
The Australian Financial Review – Page: 13 & 18 : 21-Oct-15

US-based Apollo Global Management will reduce its stake in Nine Entertainment Company to nine per cent after agreeing to sell about 13 per cent of its holding to Bruce Gordon. The Bermuda-based businessman will pay around $A200m for the holding via his private company, Birketu. This will increase the WIN Corporation owner’s total stake in Nine to 14.95 per cent. Gordon also has a 14.95 per cent stake in Ten Network.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, BIRKETU PTY LTD, APOLLO GLOBAL MANAGEMENT LLC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN WEST MEDIA LIMITED – ASX SWM, NETFLIX INCORPORATED, FREE TV AUSTRALIA LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, KPMG AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

$100m boon in TV tax offset hike

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Original article by Dominic White
The Australian Financial Review – Page: 11 : 20-Oct-15

The Australian TV industry wants the tax offset for television production to be raised from 20 per cent to 40 per cent. PricewaterhouseCoopers estimates in a report prepared for the Australian Subscription Television & Radio Association and Screen Producers Australia that a 40 per cent tax offset would generate a net economic gain of $A103 million.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED, SCREEN PRODUCERS AUSTRALIA

Netflix makes us watch more, says study

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 19-Oct-15

A survey by Edison Research has found that traditional broadcast TV still accounts for 85 per cent of the four hours of video content that Australians aged 14+ watch on average each day. The "Share of Eye" report shows that subscription video on-demand services account for four per cent of viewing time, while free video-on-demand services account for 11 per cent. The research was commissioned by Seven West Media.

CORPORATES
EDISON RESEARCH, SEVEN WEST MEDIA LIMITED – ASX SWM, NETFLIX INCORPORATED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, YAHOO!7 COMMUNICATIONS AUSTRALIA PTY LTD, PRESTO ENTERTAINMENT PTY LTD, FOXTEL MANAGEMENT PTY LTD, STAN ENTERTAINMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ

Sports earn broadcasters bigger share of revenue pie

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Original article by Darren Davidson
The Australian – Page: 22 : 16-Oct-15

Standard Media Index data shows that the Nine Network’s share of metropolitan TV advertising revenue rose to 37.5 per cent in September 2015. It was bolstered by coverage of National Rugby League preliminary finals, while Ten Network’s ad revenue was boosted by its broadcast of the V8 ­Supercars Sandown 500. A one-week delay to the Australian Football League grand final resulted in Seven Network’s share of ad revenue easing to 40.3 per cent in September.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, SMI MEDIA INCORPORATED, NATIONAL RUGBY LEAGUE, AUSTRALIAN FOOTBALL LEAGUE, V8 SUPERCARS AUSTRALIA PTY LTD

Murdochs win dual-class vote

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Original article by Darren Davidson
The Australian – Page: 22 : 16-Oct-15

News Corporation shareholders have rejected a resolution to abolish its dual-class share structure at the US-based media group’s 2015 AGM in New York. Executive chairman Rupert Murdoch told the AGM that News Corp has become more profitable with a greater focus on digital media since its 2013 demerger. The group has made a number of acquisitions globally since the demerger, while it has sold a number of assets.

CORPORATES
NEWS CORPORATION – ASX NWS, AMPLIFY PTY LTD, UNRULY, VIACOM INCORPORATED, CBS CORPORATION, COMCAST CORPORATION, CABLEVISION SYSTEMS CORPORATION, THE NEW YORK TIMES COMPANY, SCRIPPS NETWORKS INCORPORATED, LIBERTY MEDIA CORPORATION, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION

Foxtel holding in Ten expected to pass muster with regulator

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Original article by Dominic White
The Australian Financial Review – Page: 21 : 14-Oct-15

Former Australian Communications & Media Authority (ACMA) executive Michaela Watson says the regulator is likely to approve the proposed equity alliance between Ten Network and Foxtel. She does not expect ACMA to rule that the deal contravenes cross-media ownership laws or would give businessman Lachlan Murdoch control of Ten. He has an 8.52 per cent stake in Ten and fully owns radio group Nova Entertainment, while he is also the co-chairman of Foxtel’s joint owner News Corporation.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, NOVA ENTERTAINMENT PTY LTD, NEWS CORPORATION – ASX NWS, ILLYRIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM