MASS MEDIA – AUSTRALIA

ABC to feel the pinch with funding freeze

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Original article by Michael Koziol
The Sydney Morning Herald – Page: 6 : 9-May-18

The May 2018 Budget includes a freeze on the ABC’s funding until 2022, amounting to savings of $A83.7 million. Despite the freeze, the public broadcaster will still receive funding of over $A1 billion a year. Some $A50 million of the $A83.7 million saved as a result of the funding freeze will be spent over four years on the commemoration of the 250th anniversary of the landing of Captain James Cook. Unlike the ABC, SBS will not have its funding frozen.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), AUSTRALIA. DEPT OF THE TREASURY, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORPORATION – ASX NWS

Fairfax slapped for Domain ad

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Original article by Darren Davidson
The Australian – Page: 19 : 8-May-18

Fairfax Media has been fined $A15,000 for running an advertisement in February 2016 that made false claims about its Domain real estate listings business. The advertisement was run one day after Fairfax had agreed in court that it would not place adverts that made false claims, following legal action taken by realestate.com.au owner REA Group. Fairfax was found to be in contempt of court.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, NEWS CORPORATION – ASX NWS, FEDERAL COURT OF AUSTRALIA, HOMETRACK DATA SYSTEMS LIMITED

Break-up an option for HT&E

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Original article by Max Mason
The Australian Financial Review – Page: 16 : 8-May-18

Broadcast media and outdoor advertising group HT&E has appointed CLSA and Credit Suisse to review its business as part of its strategy to increase shareholder value. Chairman Peter Cosgrove has told the company’s AGM that its board will consider all options, including selling some assets or the entire company. HT&E recently rejected an approach from rival oOh!media to acquire its Adshel business. HT&E shares closed 0.9 per cent higher at $A2.28 on 7 May.

CORPORATES
HT&E LIMITED – ASX HT1, CLSA AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, ADSHEL PTY LTD, OOH!MEDIA LIMITED – ASX OML, APN OUTDOOR GROUP LIMITED – ASX APO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN RADIO NETWORK PTY LTD, KIIS 101.1, KIIS1065, MEDIACAP, CITY OF BRISBANE, YARRA TRAMS, JC DECAUX AUSTRALIA PTY LTD

Twitter, SBS sign World Cup deal

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Original article by Max Mason
The Australian Financial Review – Page: 16 : 8-May-18

Public broadcaster SBS has secured a deal for social media giant Twitter to stream its coverage of soccer’s 2018 World Cup. In addition to a highlights package, Twitter Australia will stream a daily show to be called #WorldGameLive during the World Cup in Russia. The deal includes a revenue-sharing arrangement, and Twitter Australia MD Suzy Nicoletti notes that video streaming now accounts for more than 50 per cent of Twitter’s global advertising revenue.

CORPORATES
SPECIAL BROADCASTING SERVICE (SBS), TWITTER AUSTRALIA HOLDINGS PTY LTD, TWITTER INCORPORATED, WORLD CUP, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, BUZZFEED PTY LTD

Netflix under pressure over local content

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Original article by Dana McCauley
The Australian – Page: 24 : 7-May-18

Video streaming service Netflix is resisting attempts to subject it to local content quotas in Australia. Research conducted by RMIT indicates that just 2.5 per cent of Netflix’s Australian library is locally made. Screen Producers Australia CEO Matt Deaner says it is odd that Netflix’s US catalogue contains more Australian content than its Australian catalogue. He says that local content accounts for around nine per cent of what is shown on Stan, while also noting that Europe has local content quotas for streaming services.

CORPORATES
NETFLIX INCORPORATED, RMIT UNIVERSITY, SCREEN PRODUCERS AUSTRALIA, STAN ENTERTAINMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FOXTEL MANAGEMENT PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, FACEBOOK INCORPORATED, GOOGLE INCORPORATED

How Nine Entertainment turned TV’s summer of sport on its head

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Original article by Max Mason
The Australian Financial Review – Page: 31 : 7-May-18

There were a number of compelling reasons for Nine Entertainment Company to drop its cricket coverage in favour of a six-year deal to broadcast the Australian Open. Tennis is a better fit for Nine’s audience demographic, while the broadcasting rights and production costs are substantially lower. Timing also played a role; Nine commenced talks with Tennis Australia on 14 March, after Seven West Media’s exclusive negotiating period had expired. Meanwhile, Cricket Australia had issued its tender documents for broadcasting rights in early March, with bids to submitted by 19 March. Nine CEO Hugh Marks had hoped to finalise a deal with Cricket Australia by October 2017, and he says the delay allowed Nine to make the decision to switch from cricket to tennis.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN OPEN TENNIS, TENNIS AUSTRALIA, CRICKET AUSTRALIA, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED, FOX SPORTS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Stokes sees value in media mergers

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Original article by Angela Macdonald-Smith, Max Mason
The Australian Financial Review – Page: 27 : 4-May-18

Seven Group Holdings CEO Ryan Stokes says a merger between a newspaper publisher and a TV network could have synergies, although he argues that such deals should only proceed if they will deliver value for shareholders. Stokes notes that the cross-media model has worked well for Seven West Media, which owns newspaper assets in Western Australia. Stokes has also indicated that Seven Group is likely to eventually offload its investment portfolio and reinvest the proceeds in "active" assets.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, SEVEN WEST MEDIA LIMITED – ASX SWM, BEACH ENERGY LIMITED – ASX BPT, SGH ENERGY, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, WESTRAC HOLDINGS PTY LTD, COATES HIRE LIMITED, LATTICE ENERGY LIMITED, ROYAL DUTCH SHELL PLC

Tech giants in abuses of power

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Original article by Darren Davidson, Dana McCauley
The Australian – Page: 1 & 8 : 4-May-18

Many of the submissions to the Australian Competition & Consumer Commission’s inquiry into digital platforms have highlighted the impact of Google and Facebook on jobs and advertising revenue in the media sector. Seven Group CEO Ryan Stokes argued that digital companies should be required to pay a fair price for distributing media content, while Foxtel said it is hard to attract new pay-TV customers when pirated content can be accessed for free on Facebook and YouTube. The Australian Association of National Advertisers called for digital platforms to be regulated in a similar way to traditional media companies.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, FOXTEL MANAGEMENT PTY LTD, YOUTUBE INCORPORATED, AUSTRALIAN ASSOCIATION OF NATIONAL ADVERTISERS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIAN ASSOCIATED PRESS PTY LTD, TEN NETWORK HOLDINGS LIMITED, SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, APPLE INCORPORATED

Hywood signals Fairfax open to merger with free-to-air television network

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Original article by Dana McCauley
The Australian – Page: 19 : 3-May-18

Fairfax Media CEO Greg Hywood says the company is well-placed to capitalise on industry consolidation in the wake of cross-media ownership reforms. He has also argued that mergers between print and broadcasting companies are possible, although all interested parties would have to benefit from any such deal. Meanwhile, Fairfax has advised that group revenue fell by one per cent during the first 17 weeks of the second half of 2017-18; its Australian Metro Media division’s revenue was about two per cent lower than the same period in 2016-17.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN METRO MEDIA, AUSTRALIAN COMMUNITY MEDIA, STUFF LIMITED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM

Nine left without a major summer sport

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Original article by Dana McCauley
The Australian – Page: 21 : 2-May-18

Seven West Media CEO Tim Worner has confirmed that the Seven Network will broadcast cricket and tennis during the 2018-19 summer, despite some Test and Big Bash League matches being scheduled at the same time as the Australian Open. Nine Entertainment Company will take over tennis broadcasting rights in 2020, and there had been speculation that the two networks would cut a deal for Nine to commence its tennis coverage a year earlier.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN OPEN TENNIS, BIG BASH LEAGUE, TENNIS AUSTRALIA, FOXTEL MANAGEMENT PTY LTD