MASS MEDIA – AUSTRALIA

Magazines matter to most Australians, 65%, or 14.8 million, read magazines in print or online

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 26-Feb-25

The Roy Morgan Australian Readership report for the 12 months to December 2024 shows that 11.5 million Australians aged 14+ (50.5%) now read print magazines. This market broadens significantly to 14.8 million Australians aged 14+ (65%) who read magazines in print or online either via the web or an app. The most widely read category is Food & Entertainment Magazines with a readership of 7,373,000, over 3 million ahead of any other category and reaching nearly a third of the population. Better Homes and Gardens is still Australia’s most widely read paid magazine with a print readership of 1,809,000 ahead of the second-placed The Australian Women’s Weekly on 1,222,000. Meanwhile, Australia’s two most widely read free magazines are Coles Magazine (with a print readership of 5,399,000) and Woolworths’ Fresh Ideas (4,786,000). These are the latest findings from the Roy Morgan Single Source survey of 64,823 Australians aged 14+ in the 12 months to December.

CORPORATES
ROY MORGAN LIMITED

Nine flags cuts amid advertising downturn

roymorgansocial Leave a comment

Original article by James Madden
The Australian – Page: 15 & 23 : 26-Feb-25

Nine Entertainment Company has posted a 2024-25 interim net profit of $95.1m, which is 29 per cent lower than previously. EBITDA fell by 15 per cent to $268m, and revenue was steady at $1.39bn. The media group has advised that it will seek to generate cost savings of $100m across its operations over the next two years, and interim CEO Matt Stanton has indicated that the restructuring will involve some job cuts. Stanton also stated that the Domain property listings business is a key part of Nine’s growth strategy, in the wake of a $2.6bn bid for Domain from US-based CoStar Group.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, COSTAR GROUP INCORPORATED

News consumption surpasses daily essentials, reaching 22 million Australians: A testament to Total News Publishing’s impact

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 26-Feb-25

The latest data from Roy Morgan shows that Total News Publishing now engages 22 million Australians on a monthly basis, and 18.4 million weekly. This extensive reach reflects the breadth of readership, cutting across diverse demographic groups. To put it in perspective, more Australians engage with news on a weekly basis than consume vegetables or drink milk – reinforcing the vital role news plays in everyday life. This broad reach provides advertisers with the opportunity to connect with practically any target audience through Total News Publishing. Some 93% of news consumers access up to five different news brands each month, indicating a strong demand for diverse viewpoints. General News continues to dominate as the most read category, engaging 93% of the population. Additionally, 62% of Australians explore at least three content categories, while half delve into four or more in any given month.

CORPORATES
ROY MORGAN LIMITED

Nine CEO met CoStar boss weeks before Domain bid

roymorgansocial Leave a comment

Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 14 : 25-Feb-25

Nine Entertainment will release its half-yearly results today, with investors and analysts certain to question acting CEO Matt Stanton about CoStar’s bid for Domain. The US real estate firm has made a $2.40 per share for Domain, the online property classifieds platform that is 60 per cent owned by Nine and which is considered by many to be its most valuable asset. It can be revealed that CoStar founder Andy Florance met with Stanton when Florance was staying with former federal treasurer Joe Hockey in Sydney over the Christmas break, and that the two discussed possible opportunities involving CoStar and Domain.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, COSTAR GROUP INCORPORATED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA

AFL fans expected to fork out as Saturday live coverage goes behind paywall in 2025

roymorgansocial Leave a comment

Original article by Jack Snape
The Guardian Australia – Page: Online : 19-Feb-25

Foxtel and its Kayo Sports streaming service will have exclusive live broadcasts of AFL matches on Saturdays in Victoria and Tasmania during the 2025 season. The live and exclusive coverage will also apply to the first eight rounds of the home-and-away season in other states, under the new $4.5bn broadcasting rights deal between the AFL, Foxtel and the Seven Network that began this year. Foxtel CEO Patrick Delany is confident that fans will be willing to pay to watch live coverage of AFL matches.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, AUSTRALIAN FOOTBALL LEAGUE, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM

Tough advertising market smashes Seven West Media’s earnings

roymorgansocial Leave a comment

Original article by James Manning
The Australian – Page: 20 : 12-Feb-25

Seven West Media has posted a net profit of just $17.7m for the first half of 2024-25, which is 68 per cent lower than previously. Revenue was down 6.2 per cent at $727.3m and EBITA fell 26 per cent to $92m. Seven has noted that rival Nine Entertainment benefited from its coverage of the Paris Olympic Games during the half-year; Seven’s own financial results for the previous corresponding period had also been boosted by its coverage of the 2023 FIFA Women’s World Cup. Meanwhile, Seven’s share of the advertising market rose by 0.5 per cent during the half-year, to 41.5 per cent; its advertising share was 43.8 per cent in the December quarter.

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

Worst in 30 years: What Hottest 100 says about the state of Aussie music

roymorgansocial Leave a comment

Original article by Thomas Mitchell
The Age – Page: Online : 29-Jan-25

The ABC’s youth-focused radio station Triple J is under scrutiny after its annual Hottest 100 countdown featured just 29 Australian artists; this compares with 52 last year. The head of Triple J, Lachlan Macara, says Australian music discoverability is an issue, which has been exacerbated by the growing use of streaming music platforms. Local artists account for just 9.2 per cent of songs that are streamed in Australia, and Tim Kelly from the University of Technology Sydney notes that streaming platforms’ playlists are determined by algorithms rather than radio station programmers.

CORPORATES
TRIPLE J PTY LTD, AUSTRALIAN BROADCASTING CORPORATION, UNIVERSITY OF TECHNOLOGY, SYDNEY

Australians who get most of their news from social media more likely to believe in climate conspiracy, study finds

roymorgansocial Leave a comment

Original article by Amanda Meade
The Guardian Australia – Page: Online : 29-Jan-25

Research undertaken by Monash University has found that people who use social media as their main source of news score lower on a measure of ‘civic values’ than those who rely on newspapers and non-commercial media for news and current affairs. The researchers also found that 25 per cent of respondents who primarily use social media for news content believe that climate change is a conspiracy. This compares with 37 per cent of those who use commercial TV and radio as their main source of news. In contrast, just six per cent of people who largely source their news content from public TV networks the ABC and SBS consider climate change to be a conspiracy.

CORPORATES
MONASH UNIVERSITY, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS)

Former Foxtel chief executive Tonagh to join Nine board

roymorgansocial Leave a comment

Original article by Kylar Loussikian
The Australian Financial Review – Page: 13 : 15-Jan-25

Nine Entertainment’s chair Catherine West says media industry veteran Peter Tonagh will be a valuable addition to the group’s board. Tonagh was previously the deputy chairman of the ABC; he is also a former CEO of both News Corp Australia and pay-TV company Foxtel. Nine is also believed to have recruited another former Foxtel executive, Amanda Laing; she is said to be set to be given oversight of Nine’s broadcast operations. Nine’s shares fell by nearly 40 per cent in 2024, although the stock has gained about four per cent so far in 2025.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD

Nine shoots higher as investors talk break-up

roymorgansocial Leave a comment

Original article by Valerina Changarathil
The Australian – Page: 18 : 8-Jan-25

Nine Entertainment Company’s shares fell by 39 per cent in calendar 2024; however, the stock rose 5.6 per cent t to $1.32 on Tuesday, amid speculation that the diversified media group could be broken up. The recent emergence of Tanarra Capital on Nine’s share register has boosted such speculation; Tanarra is headed by John Wylie, who has successfully advocated for changes at companies such as Lendlease.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TANARRA CAPITAL PTY LTD