NEGOTIATION IN BUSINESS – AUSTRALIA

Ratings lift Ten’s hopes of new deal

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Original article by Darren Davidson
The Australian – Page: 18 : 20-Jan-15

Coverage of the Twenty20 Big Bash League cricket competition has boosted the audience ratings of commercial free-to-air TV group Ten Network, to a 10-year high of 730,000 for the summer 2014-15 season. The gain of 5.9% in the 25-to-54-year-olds age bracket will strengthen Ten’s position as it resumes takeover talks with suitors such as Anchorage Capital, Saban Capital, and a consortium of Foxtel and Discovery Communications. The latter are offering $A0.23 a share

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, CRICKET AUSTRALIA, DISCOVERY COMMUNICATIONS INCORPORATED, FOXTEL MANAGEMENT PTY LTD, SABAN CAPITAL GROUP INCORPORATED, ANCHORAGE CAPITAL PARTNERS PTY LTD, OZTAM PTY LTD, KFC, YUM! RESTAURANTS AUSTRALIA PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Telstra designs new deal for NBN

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Original article by Mitchell Bingemann
The Australian – Page: 17 : 19-Dec-14

Telstra recently renegotiated its deal with NBN Co, the entity rolling out the national broadband network. It will still be worth $A11.2bn but involve different technology, due to the September 2013 election win of the Australian Government. The telco will also benefit from a separate move by NBN Co to award it half or more of the design and planning contracts for the infrastructure project, and some construction work. Pending confirmation by Communications Minister Malcolm Turnbull and Finance Minister Mathias Cormann, the agreements may be signed on 19 December 2014

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NBN CO LIMITED, AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY

Ten battle delays AFL talks

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Original article by Darren Davidson
The Australian – Page: 19 : 17-Dec-14

The negotiations on the new broadcasting rights deal for Australian Football League (AFL) matches have been rescheduled for early 2015. The AFL Commission, keen to maximise the potential gains, will wait for the current takeover speculation on Ten Network to be resolved. The free-to-air TV groups are set to pay between $A1.5bn and $A1.6bn in the agreement covering the next five seasons, up from $A1.258bn previously. Among Ten’s suitors is a consortium of Foxtel and Discovery Communications that has made an offer worth $A590m

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, AUSTRALIAN FOOTBALL LEAGUE, AUSTRALIAN FOOTBALL LEAGUE COMMISSION, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, SEVEN WEST MEDIA LIMITED – ASX SWM, FOX SPORTS AUSTRALIA PTY LTD, CITIGROUP PTY LTD, NATIONAL BASKETBALL ASSOCIATION

Ten brass to discuss bid by US media giant

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Original article by Dominic White, Jared Lynch, James Chessell
The Australian Financial Review – Page: 13/18 : 7-Nov-14

Investment banking firm Citi will advise Ten Network on bids by potential takeover suitors. Negotiations will start on 10 November 2014, and the most likely acquirer of the free-to-air TV group appears to be an alliance of pay TV provider Foxtel and US ally Discovery Communications. The speculation on 6 November lifted Ten’s share price by 7% to a close of $A0.23. Fairfax Media had also discussed a deal with Ten’s executives in October, but is now not expected to pursue the opportunity

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FAIRFAX MEDIA LIMITED – ASX FXJ, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, CITIGROUP PTY LTD, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CROWN RESORTS LIMITED – ASX CWN, WIN CORPORATION PTY LTD, DEUTSCHE BANK AG, ANCHORAGE CAPITAL PARTNERS PTY LTD, PROVIDENCE EQUITY PARTNERS INCORPORATED

Ten tie-up with Fairfax back in frame as Rinehart exits network’s board

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Original article by Darren Davidson
The Australian – Page: 19 : 4-Nov-14

Fairfax Media is in ongoing talks on a potential merger with free-to-air TV group Ten Network, and may divest its radio assets to entrepreneur John Singleton so as not to breach media ownership laws. A 14.99% stake in Fairfax is held by mining heiress Gina Rinehart, who also has 10% of Ten. However she is stepping down from the role of director on Ten’s board. The seat will be taken up by John Klepec, also chief development officer at Rinehart’s private Hancock Prospecting vehicle. Interest in a deal with Ten has come from pay TV business Foxtel as well

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORPORATION – ASX NWS, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, FAIRFAX RADIO NETWORK PTY LTD, HANCOCK PROSPECTING PTY LTD, CROWN RESORTS LIMITED – ASX CWN, WIN CORPORATION PTY LTD, MTV MUSIC TELEVISION, VIACOM INCORPORATED, CHANNEL 5 BROADCASTING LIMITED, ITV NETWORK LIMITED, ITV PLC, LIBERTY GLOBAL INCORPORATED, ROY HILL IRON ORE PTY LTD

Telstra NBN deal delayed to 2015

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Original article by David Ramli
The Australian Financial Review – Page: 13 & 20 : 15-Oct-14

The Australian Government had expected to finalise a revised deal with Telstra regarding the national broadband network by mid-2014. Telstra CEO David Thodey is hopeful that much of the negotiations can be concluded by Christmas, but concedes that a final deal is unlikely before 2015. The Coalition’s decision to adopt a fibre to the node model has required renegotiation of the original $A11.2bn deal with the Australian Labor Party

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF COMMUNICATIONS, NBN CO LIMITED, TPG TELECOM LIMITED – ASX TPM, IINET LIMITED – ASX IIN, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Boycott threat in advertising war

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 39 : 8-Jul-14

Real estate agents may decide to boycott certain services provided by Australian-listed online classifieds group REA if no agreement is reached on charges. Media buying group Real Estate Digital Marketing Services (REDMS) stated on 7 July 2014 that it sought a meeting with REA, but the latter refused to discuss the matter of fees charged by its realestate.com.au portal. REDMS represents more than 400 Victoria-based agents

CORPORATES
REA GROUP LIMITED – ASX REA, NEWS CORPORATION – ASX NWS, REAL ESTATE DIGITAL MARKETING SERVICES PTY LTD, VIZEUM, FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN PROPERTY GROUP, METRO MEDIA PUBLISHING PTY LTD, BIGGIN AND SCOTT PTY LTD