MASS MEDIA – AUSTRALIA

Nine Entertainment CEO returns to office after Olympics trip as five-day strike comes to end

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Original article by Amanda Meade
The Guardian Australia – Page: Online : 31-Jul-24

The Media, Entertainment & Arts Alliance has advised that journalists from Nine Entertainment’s publishing division will return to work at 11am on Wednesday. The end of the five-day industrial action by about 500 journalists will coincide with the return of Nine’s CEO Mike Sneesby, after a week in Paris where he entertained corporate clients and attracted scrutiny for participating in the Olympic torch relay amid the turmoil in the company’s newsrooms. Michelle Rae from the MEAA says Nine’s management has committed to resuming negotiations with journalists when they return to work.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE

Streaming ad revenue set to eclipse TV

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 17 : 30-Jul-24

A report from PwC notes that revenue across Australia’s media industry has risen to $62.3bn in the last year, although growth in revenue slowed from 6.6 per cent to just 2.8 per cent. Meanwhile, PwC estimates that digital revenue now accounts for 70 per cent of advertising spending in the media sector, compared with 54 per cent in 2019; the firm has also forecast that this will increase to 79 per cent by 2028. PwC in turn expects advertising revenues from traditional TV broadcasts to fall to around $3.5bn by 2028, while revenue from subscription and ‘catch-up’ services is forecast to rise to a similar level within four years.

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PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

ABC cops Buttrose blast over news bias

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Original article by Sophie Elsworth
The Australian – Page: 5 : 30-Jul-24

Media industry veteran Ita Buttrose says the ABC needs to present both sides of an argument, contending that this is "much better" for the viewer or the listener. However, Buttrose adds that some ABC interviewers are reluctant to tell both sides of a story; she also says that if the public broadcaster’s journalists cannot take criticism they should just "give up". Buttrose’s five-year term as the ABC’s chair ended in March. Meanwhile, she says the strike action by Nine Entertainment journalists on the eve of the Paris Olympic Games was an "unwise decision", given that the Olympics is a major investment for the company.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Union fury at Nine chief’s torch run amid jobs row

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Original article by James Madden
The Australian – Page: 3 : 24-Jul-24

The Media, Entertainment & Arts Alliance has criticised Nine Entertainment CEO Mike Sneesby for attending the Paris Olympic Games during enterprise agreement negotiations at its publishing division. The union is seeking a pay rise of 20 per cent over three years for employees of the division, and Nine’s staff have voted to take strike action for five days from Friday, which will coincide with the start of the Games. Sources have indicated that Nine’s journalists were also not impressed by footage of Sneesby participating in the Olympic torch relay, given that the division is expected to shed about 90 jobs as part of a broader restructuring program at Nine.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE

Seven West axes three of its most senior executives in major shakeup

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Original article by Zoe Samios
The Australian Financial Review – Page: Online : 26-Jun-24

Seven West Media veteran Kurt Burnette is said to be among the company’s senior executives to have been retrenched as part of a cost-cutting program. Burnette joined Seven in 1990, and was most recently the media group’s chief revenue officer. Seven Melbourne’s MD Lewis Martin, who is also the head of sport, has also been made redundant, along with chief marketing officer Melissa Hopkins. Recent media reports had revealed that Seven plans to shed up to 150 jobs in response to a difficult advertising market and the looming end of a revenue-sharing deal with Facebook’s parent Meta.

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SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, META PLATFORMS INCORPORATED, FACEBOOK

Nine must address ‘issues of the past’, Sneesby tells his staff

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Original article by Sophie Elsworth
The Australian – Page: 3 : 18-Jun-24

Nine Entertainment CEO Mike Sneesby told staff in an email on Monday that the company is working to improve its culture, but that this can only be done by "acknowledging the issues of the past". His comments come amid allegations involving two senior male managers that involve "predatory behaviour", and as Kerri-Anne Kennerley, one of Nine’s most admired on-air personalities, stated that there was an entrenched culture of bullying at the television network. Sneesby’s email was sent a week after Peter Costello quit as Nine chairman after an incident with a journalist at Canberra Airport.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

News Corp to cut sales staff, up to 80 jobs to go

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Original article by Calum Jaspan
The Age – Page: Online : 13-Jun-24

News Corp Australia is set to announce further redundancies as part of a restructuring program and its push to reduce costs by up to $65m. The media group’s sales team is expected to bear the brunt of the latest jobs cuts, with speculation that up to 80 employees will be retrenched. However, a News Corp spokesperson has dismissed claims that 40 per cent of its sales personnel will be sacked. News Corp Australia’s executive chairman Michael Miller recently downplayed speculation that more than 100 journalists will also be retrenched.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

News outlets producing covert marketing for McDonald’s, KFC and Domino’s, study finds

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Original article by Natasha May
The Guardian Australia – Page: Online : 5-Jun-24

Researchers have concluded that Australian media outlets are overtly endorsing fast-food products by publishing positive stories that are based on press releases issued by these restaurant chains. The research team analysed all press releases issued by McDonald’s, KFC and Domino’s Pizza Enterprises between July 2021 and June 2022. These press releases were found to have generated 86 articles in 31 news outlets; four of the articles were identical to the corresponding press release, while many others were largely based on the original press release. All but six of the articles were favourable towards the fast-food chains.

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McDONALD’S AUSTRALIA LIMITED, KFC, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP

News Corp pain as executive heads roll

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 14 : 5-Jun-24

News Corp Australia’s state general managers are among the casualties of the media group’s restructuring program. Other News Corp staff who are said to have been retrenched include the general manager of print production, Marcus Hooke. Some editors of metropolitan mastheads will also take on additional responsibilities at part of the move to split the company’s publishing operations into three divisions. Meanwhile, former Sunday Telegraph editor Mick Carroll will succeed Lisa Muxworthy as editor-in-chief of the news.com.au website, while Lou Barrett will head the new national sales team.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Ten baulks at Wilkinson’s $1.8m claim for costs

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Original article by Ellie Dudley
The Australian – Page: 3 : 28-May-24

Presenter Lisa Wilkinson is seeking over $1.8 million from the Ten Network to pay her legal costs in the aftermath of their defamation case against Bruce Lehrmann, with the Federal Court being told by her lawyers on Monday that Ten was showing an "ongoing reluctance" to pay her costs. The dispute between Wilkinson and Ten over her legal costs arose as a result of her deciding to seek separate representation for the defamation case, with Ten arguing that she should pay for all aspects of the case where it was not necessary for her to have separate representation.

CORPORATES
TEN NETWORK HOLDINGS LIMITED, FEDERAL COURT OF AUSTRALIA