Nine’s cyber hack still far from over

Original article by Sophie Elsworth
The Australian – Page: 3 : 6-Apr-21

Nine Entertainment Company has informed staff that its technology teams have made "remarkable progress" in restoring its key operational systems in the wake of a major cyber attack. However, the media giant has advised that it will be some time before all systems are fully restored, and many employees have been asked to keep working from home. Cybersecurity experts have estimated that the attack could potentially cost Nine more than $1m. It disrupted Nine’s broadcast operations in Sydney, as well as the print editions of its newspapers.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Regional papers concern

Original article by Miranda Ward
The Australian Financial Review – Page: 29 : 29-Mar-21

Country Press Australia is holding talks with both Facebook and Google regarding the news media bargaining code. CPA represents the publishers of 160 regional newspapers nationwide; its negotiations have come at a time when there is growing concern that the Facebook News product will have limited relevance to regional newspapers as it is focused primarily on national news. Australian Community Media is also in talks with Facebook, while it secured a deal with Google in late 2020.

CORPORATES
COUNTRY PRESS AUSTRALIA INCORPORATED, FACEBOOK INCORPORATED, FACEBOOK AUSTRALIA PTY LTD, GOOGLE INCORPORATED, GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMMUNITY MEDIA PTY LTD

Cyber attack disables Nine HQ

Original article by James Madden
The Australian – Page: 1 & 2 : 29-Mar-21

Nine Entertainment Company has become the target of a cyber attack that prevented it from broadcasting live programs such as ‘Weekend Today’ on 28 March. Nine was also forced to broadcast a national news bulletin from Melbourne into the Sydney and Canberra markets. All of Nine’s broadcast and newspaper staff have been told to work from home and avoid accessing the media group’s corporate network until further notice. A number of Australian businesses have recently been subjected to ransomware attacks, but Nine says it has not received a ransom demand.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Nine to pay costs in Aston ruling

Original article by Cameron England
The Australian – Page: 3 : 9-Feb-21

The Federal Court has awarded indemnity costs to Elaine Stead in her defamation case against newspaper columnist Joe Aston. The indemnity costs will be backdated to 22 April, when Nine Entertainment Company rejected Stead’s offer to settle the case for $190,000. Stead was recently awarded ordinary and aggravated damages totalling $280,000 over several articles that were published in the ‘Australian Financial Review’. Nine could potentially face a total bill of more than $2.5m arising from the defamation case.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC,FEDERAL COURT OF AUSTRALIA

The three most likely: Nine’s search for new CEO narrows

Original article by Lilly Vitorovich, James Madden
The Australian – Page: 19 : 8-Feb-21

Nine Entertainment Company is widely tipped to appoint an internal candidate to succeed Hugh Marks as CEO. Oscar Oberg of Wilson Asset Management and Brian Han of Morningstar both expect either Nine’s head of publishing Chris Janz or Stan CEO Mike Sneesby to get the job. However, Carl Fennessy of Endemol Shine Australia is believed to be the leading external candidate to replace Marks, who has stepped down in the wake of revelations of his relationship with a junior executive.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WILSON ASSET MANAGEMENT, STAN ENTERTAINMENT PTY LTD, ENDEMOL SHINE AUSTRALIA PTY LTD

News Corp rolls out 50 digital mastheads

Original article by Lilly Vitorovich
The Australian – Page: 19 : 13-Jul-20

News Corp Australia has chosen Ballarat, Port Lincoln and the Clare Valley as the launch sites for its new digital mastheads. The first 15 digital-only newspapers will be launched by September, with plans to launch more than 50 over the next three years. The mastheads will feature ‘hyperlocal’ news content, while subscribers will have access to content from metropolitan newspapers and the media group’s NCA NewsWire service. News Corp already has 92 digital-only mastheads, including 76 whose print editions were recently discontinued.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD

Newspaper publisher ACM may close presses in Victoria, SA and Canberra, shedding 200 jobs

Original article by Emilia Terzon
abc.net.au – Page: Online : 9-Jul-20

Regional newspaper publisher Australian Community Media may shut down four of its nine printing plants. ACM has declined to comment on the likely job losses if the printing presses in Albury-Wodonga, Ballarat, Canberra and Murray Bridge are shut down; the Australian Manufacturing Workers’ Union estimates that about 200 people would be retrenched, primarily in Ballarat. ACM says reduction in printing volumes due to the coronavirus pandemic means it has excess print capacity.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA

Regional media to get $50 million lifeline

Original article by Max Mason
The Australian Financial Review – Page: 6 : 29-Jun-20

News publishers account for 92 of the 107 regional media companies that will receive a combined $50m in emergency relief funding under the federal government’s Public Interest News Gathering program. Some $20m has been allocated to TV broadcasters, publishers will receive $18m in total and radio broadcasters have been allocated $12m. The coronavirus pandemic has resulted in a sharp fall in advertising revenue for the media sector.

CORPORATES

ACM brings back bulk of print titles

Original article by Max Mason
The Australian Financial Review – Page: 30 : 29-Jun-20

Regional newspaper group Australian Community Media will shortly resume publishing at least 50 of the print mastheads that were suspended in April due to the coronavirus pandemic. The move affected about 80 non-daily titles, and sources have indicated that a decision has yet to be made as to when the remaining mastheads will resume publication. ACM CEO Allen Williams has urged regional communities to support their local newspapers to ensure that they are financially sustainable.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA

News Corp spurns Google news deal

Original article by Natasha Gillezeau, Max Mason
The Australian Financial Review – Page: 2 : 27-Jun-20

Google has struck deals with a number of Australian news publishers to pay for content, while it is talks with a number of others, including Australian Community Media. Google Australia MD Mel Silva says it will have to "wait and see" whether its new product offering will be impacted by the code of conduct that the Australian Competition & Consumer Commission is putting together to govern how technology companies deal with news publishers. News Corp Australasia executive chairman Michael Miller has accused Google of not being genuine, and of trying to take advantage of certain publishers when they are at their most vulnerable.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMMUNITY MEDIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS