Gordon, Catalano block Seven West bid for Prime

Original article by Leo Shanahan, Nick Tabakoff, Zoe Samios
The Australian – Page: 17 & 28 : 10-Dec-19

Seven West Media has offered a fully franked special dividend of $0.03 per share for regional affiliate Prime Media Group, in addition to the initial offer of 0.4582 of its shares. However, two of Prime’s biggest shareholders – WIN Corporation owner Bruce Gordon and Australian Community Media’s Antony Catalano – will oppose the bid. The former has stated that Australia’s outdated media ownership laws have stymied rival bids for Prime, while Catalano has reiterated his interest in acquiring Prime in order to build ACM into a diversified regional media group.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, AUSTRALIAN COMMUNITY MEDIA

2020 visions: big calls for new year

Original article by Max Mason
The Australian Financial Review – Page: 30 & 31 : 9-Dec-19

The CEOs of Australian media, digital media and advertising groups have shared their views on the outlook for their company in 2020 and the media sector in general. Bauer Media Australia CEO Brendon Hill says the deal to acquire Pacific Magazines will increase the publisher’s stability and allow it to increase its focus on the creation of compelling branded content, while Foxtel CEO Patrick Delaney says the pay-TV group’s large customer base will be its biggest advantage in 2020. Southern Cross Media Group CEO Grant Blackley says factors such as weak consumer sentiment and its flow-on effect on the advertising market will be the biggest challenge facing his company in 2020.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, AUSTRALIAN COMMUNITY MEDIA, SEEK LIMITED – ASX SEK, OOH!MEDIA LIMITED – ASX OML, CARSALES.COM LIMITED – ASX CAR, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, HT&E LIMITED – ASX HT1, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN WEST MEDIA LIMITED – ASX SWM, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, STAN ENTERTAINMENT PTY LTD, GOOGLE AUSTRALIA PTY LTD, FACEBOOK AUSTRALIA PTY LTD, TWITTER AUSTRALIA HOLDINGS PTY LTD, TEN NETWORK HOLDINGS LIMITED, REA GROUP LIMITED – ASX REA, FETCHTV PTY LTD, JC DECAUX AUSTRALIA PTY LTD

Judge’s news dictate sets risky precedent

Original article by Nicola Berkovic
The Australian – Page: 3 : 20-Nov-19

A Curtin University academic has expressed concern about a court ruling about disclosing the identify of a psychologist who was found guilty of professional misconduct. The Family Court of Western Australia ruled that ‘The Australian’ must submit a draft article for its approval before the story can be published, as the Family Law Act prevents the identification of witnesses in family law proceedings. Associate professor of journalism Joseph Fernandez says the ruling is "troubling" and has implications for freedom of the press.

CORPORATES
FAMILY COURT OF WESTERN AUSTRALIA, CURTIN UNIVERSITY OF TECHNOLOGY, ONE NATION PARTY, AUSTRALIAN LAW REFORM COMMISSION

Nine feels squeeze of ad market

Original article by Lilly Vitorovich
The Australian – Page: 17 & 24 : 13-Nov-19

Nine Entertainment Company has downgraded its underlying earnings growth forecast for 2019-20 due to challenging conditions in the advertising market. CEO Hugh Marks has told the group’s AGM that there was a 6.4 per cent decline in the metropolitan free-to-air TV advertising market in the first quarter, and the outlook has not improved in the second quarter. Meanwhile, Nine chairman Peter Costello has called for digital platforms to be subject to the same regulations as traditional media companies.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE MEDIA LIMITED – ASX MRN, 2GB, RADIO 4BC BRISBANE PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, STAN ENTERTAINMENT PTY LTD, WALT DISNEY COMPANY

AFP raid on journo’s home trespass

Original article by Olivia Caisley
The Australian – Page: 7 : 13-Nov-19

The High Court has been told that a warrant to search a News Corp Australia journalist’s home was invalid as it did not state the exact nature of her alleged offence. The lawyer representing Annika Smethurst also alleged that the Australian Federal Police’s search warrant infringed the implied freedom of political communication. Stephen Lloyd SC said the AFP should be either forced to delete any files it had extracted from Smethurst’s mobile phone during the raid in June, or be subject to a court order preventing any use of those files.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NATIONWIDE NEWS PTY LTD, AUSTRALIAN FEDERAL POLICE, HIGH COURT OF AUSTRALIA, AUSTRALIAN SIGNALS DIRECTORATE

15.4 million Australians read newspapers in print or online

Original article by Roy Morgan
Market Research Update – Page: Online : 1-Nov-19

Roy Morgan has released the latest readership results for Australian newspapers, for the 12 months to September 2019. Now 15.4 million Australians aged 14+ (74%) read or access newspapers in an average seven-day period via print or online, a fall of 3.7 per cent from a year ago. The standout performer over the past year is again ‘The Australian Financial Review’, which increased its total cross-platform readership by 17.1 per cent to 1,599,000; this was driven by a substantial increase in its digital audience (up 24.6 per cent to 1,359,000). ‘The Sydney Morning Herald’ is still Australia’s most widely-read masthead, with a cross-platform audience of 4,209,000, which is virtually unchanged on a year ago. Meanwhile, ‘Good Weekend’ remains Australia’s most widely-read newspaper inserted magazine, with print readership of 825,000 (down 25.2 per cent over the last year). These are the latest findings from the Roy Morgan Single Source survey of 49,462 Australians aged 14+ in the 12 months to September 2019.

CORPORATES
ROY MORGAN LIMITED

Secrecy law a burden: HRC

Original article by Nicola Berkovic
The Australian – Page: 5 : 18-Oct-19

Details of submissions to News Corp Australia’s legal challenge to the validity of a police raid on the home of journalist Annika Smethurst have been released. The Australian Human Rights Commission’s submission has broadly supported News Corp’s stance, although it has taken a different legal approach to the issue, arguing that secrecy laws limit the freedom of political expression. Constitutional law expert George Williams, says the two approaches could both support the media group’s view that the raid on Smethurst was unlawful.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN HUMAN RIGHTS COMMISSION, AUSTRALIAN FEDERAL POLICE, HIGH COURT OF AUSTRALIA

Nine fights tech giants with new ad model

Original article by Max Mason
The Australian Financial Review – Page: 14 : 17-Oct-19

Nine Entertainment Company has used its annual ‘upfronts’ to reveal that it will adopt a cost per completed view model for advertising across its digital platforms. Clients will be charged only if a video ad is viewed in full. The move is aimed at technology giants Facebook and Google, which have attracted scrutiny over their own advertising policies. Nine has also advised that it has amalgamated the data that has been gathered across its digital platforms.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, YOUTUBE INCORPORATED, FAIRFAX MEDIA LIMITED

Carnegie finally tunes out of Macquarie

Original article by Lilly Vitorovich
The Australian – Page: 17 & 28 : 8-Oct-19

Nine Entertainment Company has reached the 90 per cent threshold to compulsorily acquire Macquarie Media, after venture capitalist Mark Carnegie accepted the offer of $1.46 per share. Carnegie says he had no option other than agreeing to the Nine deal, and he adds that radio – and news talk radio in particular – is a powerful media that will be a good fit for Nine’s other media assets. Nine CEO Hugh Marks has also stressed the power of talk radio and says he is looking forward to working with the Macquarie team.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE MEDIA LIMITED – ASX MRN, WILSON ASSET MANAGEMENT, FAIRFAX MEDIA LIMITED

Reforms to level media playing field

Original article by Max Mason
The Australian Financial Review – Page: 7 : 4-Oct-19

Traditional and digital media companies will be subject to the same regulatory regime under changes proposed by the federal government. Any reforms arising from the review of the regulatory regime are expected to be implemented in stages, as recommended by the Australian Competition & Consumer Commission in the final report of its Digital Platforms Inquiry. Potential reforms could include imposing local content obligation on subscription video-on-demand services and increasing the producer tax offset for TV shows.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, STAN ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, AMAZON PRIME VIDEO, DISNEY+