NEWSPAPER PUBLISHING – AUSTRALIA

Nine’s publishing to out-earn TV

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 13 & 17 : 6-Aug-25

Jarden analyst Tom Beadle recently said that the value contained within Nine Entertainment’s publishing business could potentially be the most underappreciated part of the media group. The investment bank has valued Nine’s publishing assets at $885m, ahead of streaming video platform Stan ($655m) and the broadcast division ($601m); Jarden estimates that Nine’s radio stations are worth about $25m. Looking forward, Nine’s publishing assets are forecast to generate EBITDA of $156m by 2028; this compares with expectations of $153m for the group’s television network, which is facing higher costs.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN ENTERTAINMENT PTY LTD, NINE NETWORK AUSTRALIA LIMITED, NINE RADIO PTY LTD, JARDEN AND COMPANY

Nine flags cuts amid advertising downturn

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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.

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

Former Foxtel chief executive Tonagh to join Nine board

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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.

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

Nine shoots higher as investors talk break-up

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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

Nine exec quits before cultural review hits

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Original article by Sophie Elsworth
The Australian – Page: 3 : 15-Oct-24

Nine Entertainment has lost another executive, with the departure of its director of communications and public relations, Victoria Buchan. Interim CEO Matt Stanton has indicated that her exit was by mutual agreement as part of a restructuring of the media group’s leadership team. Buchan’s departure is not believed to be linked to the upcoming release of the findings of an independent review of Nine’s workplace culture. The review was sparked by the exit of Darren Wick, the former director of news and current affairs; Buchan is said to have been close to Wick, who had been accused of inappropriate conduct.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Sneesby had to go: top Nine investor

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Original article by Cameron England
The Australian – Page: 13 & 16 : 13-Sep-24

Nine Entertainment Company has advised that CEO Mike Sneesby will step down at the end of September, after more than three years in the role. Nine’s chief finance and strategy officer Matt Stanton will become acting CEO until the media company appoints a permanent replacement. Reece Birtles from institutional investor Martin Currie says Sneesby’s departure was not unexpected, given the challenges that Nine is facing; they include revenue growth, cultural issues and concerns about its Domain property listings business. Nine’s market capitalisation has fallen below $2bn, compared with more than $5bn when Sneesby became CEO in April 2021.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED

Voluntary news media recycling scheme receives official accreditation

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Original article by Joe Kelly
The Australian – Page: 6 : 28-Aug-24

Australia’s news media industry has been operating a voluntary recycling scheme for printed newspapers for more than 30 years. The success of the scheme resulted in just 0.2 per cent of all printed news­papers going to landfill in 2023. It is administered by ThinkNewsBrands, whose CEO Vanessa Lyons has welcomed the federal government’s decision to official accredit the ‘product stewardship’ scheme. Media industry executives have emphasised the importance of sustainability for the sector.

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THINKNEWSBRANDS

Nine swings the axe with 85 staff let go

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Original article by James Madden
The Australian – Page: Online : 21-Aug-24

A spokesman for Nine Entertainment has indicated that 85 employees of its publishing division will leave the media company in coming months after successfully applying for voluntary redundancy packages. They primarily comprise journalists and production staff at Nine’s newspaper mastheads, and include Ben Potter, Aaron Patrick and Michael Pelly from the flagship Australian Financial Review. Nine had previously announced plans to cut 200 positions across its operations, including up to 90 at its publishing arm; CEO Mike Sneesby attributed the move to the difficult advertising market and Meta’s decision to withdraw from revenue-sharing deals with news publishers.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

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.

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

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.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC