MASS MEDIA – UNITED STATES

Time Warner’s Ten play

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Original article by James Chessell, Sarah Thompson
The Australian Financial Review – Page: 1 & 34 : 10-Nov-14

It has been revealed that US media group Time Warner contacted Australia’s Ten Network about a potential takeover bid in early October 2014. The non-binding approach indicated that any bid by Time Warner’s cable TV arm would be pitched at $A0.25 per share and be conditional on the support of key Ten shareholders. Time Warner has also made overtures to Apollo Global Management to buy its stake in rival free-to-air broadcaster Nine Entertainment Company

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, TIME WARNER INCORPORATED, TURNER BROADCASTING SYSTEM INCORPORATED, APOLLO GLOBAL MANAGEMENT LLC, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, CITIGROUP PTY LTD, CROWN RESORTS LIMITED – ASX CWN, NEWS CORPORATION – ASX NWS, WIN CORPORATION PTY LTD, CABLE NEWS NETWORK, FOXTEL MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, DISCOVERY COMMUNICATIONS INCORPORATED, PROVIDENCE EQUITY PARTNERS INCORPORATED, HELLMAN AND FRIEDMAN, ANCHORAGE CAPITAL PARTNERS PTY LTD, VIACOM INCORPORATED, MTV MUSIC TELEVISION, CHANNEL 5 BROADCASTING LIMITED, LIBERTY GLOBAL INCORPORATED, ITV PLC, 21ST CENTURY FOX INCORPORATED, FAIRFAX MEDIA LIMITED – ASX FXJ

News in $1.1bn US property play

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Original article by Darren Davidson
The Australian – Page: 21 : 1-Oct-14

Nasdaq-listed real estate web site operator Move is being acquired by News Corp for $US950m ($A1.08bn). News Corp will own 80% of the business and the remainder is to be held by Australian-listed REA Group, in which News Corp has a 61.6% stake. News Corp CEO Robert Thomson says the company will use its media assets in the US to promote and create synergies with Move, which had revenue of $US227m in 2013-14. The largest share of the online US property classifieds market is held by Zillow, of which Australian James Packer owns 9.4%

CORPORATES
NEWS CORPORATION – ASX NWS, REA GROUP LIMITED – ASX REA, MOVE INCORPORATED, ZILLOW.COM, TRULIA INCORPORATED, CAVALANE HOLDINGS PTY LTD, HARLEQUIN ENTERPRISES LIMITED, NASDAQ

Ten in play as US giants move in

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Original article by Darren Davidson
The Australian – Page: 19 : 21-Jul-14

US-based media groups such as Liberty, Viacom and Discovery have been acquiring businesses in the broadcasting sector in Europe. The interest is forecast to extend to Australia, where an obvious target is third-ranked free-to-air TV provider Ten Network. CEO Hamish McLennan acknowledges the foreign investment trend. However he is not revealing anything about recent rumours that UK-based ITV, itself a target of Liberty, has held talks with Ten. Meanwhile McLennan notes that the move by Ten to reduce its news coverage has lifted its audience ratings

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, ITV PLC, ITV NETWORK LIMITED, LIBERTY GLOBAL INCORPORATED, DISCOVERY COMMUNICATIONS INCORPORATED, VIACOM INCORPORATED, CHANNEL 5 BROADCASTING LIMITED, EUROSTAT, NETFLIX INCORPORATED, BRITISH SKY BROADCASTING GROUP PLC, SKY DEUTSCHLAND AG, SKY ITALIA SPA