OUTDOOR – AUSTRALIA

Warburton appointed APN Outdoor chief

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Original article by Max Mason
The Australian Financial Review – Page: 13 : 18-Oct-17

Former Ten Network CEO James Warburton will succeed Richard Herring as CEO of APN Outdoor Group in January 2018. APN Outdoor CFO Wayne Castle will continue in the role of acting CEO until Warburton joins the outdoor advertising group. Warburton will step down as CEO of V8 Supercars at the end of 2017. Its EBITDA and revenue rose strongly with him at the helm. Warburton’s past roles included being a director of the Eye Corp outdoor advertising business when it was owned by Ten.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, TEN NETWORK HOLDINGS LIMITED – ASX TEN, V8 SUPERCARS AUSTRALIA PTY LTD, EYE CORP LIMITED, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, DDB NEEDHAM, McCANN-ERICKSON ADVERTISING PTY LTD, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, OOH!MEDIA LIMITED – ASX OML, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Failed oOh! merger leaves $3.4m sting in the tail for APN Outdoor

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Original article by Stephen Brook
The Australian – Page: 28 : 22-Aug-17

APN Outdoor Group has posted a 2017 interim net profit of $A15.8m, which is 19 per cent lower than previously. The result was marred by pre-tax costs of $A3.4m arising from its proposed merger with oOh!media, which was abandoned following indications that it was likely to be rejected on competition grounds. APN Outdoor’s revenue for the half-year rose by eight per cent to $A162.3m, as the company continued to expand its network of digital advertising billboards.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, YARRA TRAMS, METRO TRAINS MELBOURNE PTY LTD, ADELAIDE METRO, PERTH RAIL

oOh!media first-half profit jumps 22.5pc

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Original article by Max Mason
The Australian Financial Review – Page: 15 : 15-Aug-17

Listed out-of-home advertising group oOh!media has posted a 2017 interim net profit of $A7.3m, which is 22.5 per cent higher than previously. EBITDA was 19 per cent higher at $A31.9m and revenue of $A173m was up 18 per cent. The company’s digital business contributed 52.1 per cent of group revenue for the half-year, as the company expanded its network of digital screens and billboards. Shareholders will receive a half-year dividend of $A0.045 per share.

CORPORATES
OOH!MEDIA LIMITED – ASX OML, APN OUTDOOR GROUP LIMITED – ASX APO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, THE QUANTIUM GROUP PTY LTD, WAVESTONE CAPITAL PTY LTD, OPHIR ASSET MANAGEMENT PTY LTD

ACCC concerned about oOh!media merger plan

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Original article by Max Mason
The Australian Financial Review – Page: 30 : 5-May-17

The Australian Competition & Consumer Commission is scheduled to make a final decision on the proposed merger between oOh!media and APN Outdoor on 6 July. However, the ACCC’s statement of issues indicates that the regulator has concerns that the $A1.6bn deal would reduce competition in the out-of-home advertising sector. ACCC chairman Rod Simms notes that the combined entity would control more than 50 per cent of this market.

CORPORATES
OOH!MEDIA LIMITED – ASX OML, APN OUTDOOR GROUP LIMITED – ASX APO, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, APN NEWS AND MEDIA LIMITED – ASX APN

APN calls for broad study of $1.6bn deal

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Original article by Jake Mitchell, Daniel Palmer
The Australian – Page: 21 : 15-Dec-16

The Australian Competition & Consumer Commission will undertake a public review of the proposed merger between APN Outdoor Group and oOh!Media. APN Outdoor chairman Doug Flynn argues that the ACCC should take into account the broader advertising market rather than focusing on the out-of-home segment. The $A1.6bn scheme of arrangement merger has the support of both companies’ boards, while it must also be approved by oOh!Media shareholders.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PERPETUAL LIMITED – ASX PPT, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, TWITTER INCORPORATED, SEVEN WEST MEDIA LIMITED – ASX SWM, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, UBS HOLDINGS PTY LTD, CADENCE ADVISORY, HIGHBURY PARTNERSHIP PTY LTD, MACQUARIE CAPITAL PTY LTD, MEDIAWORKS (NZ) LIMITED

APN Outdoor savaged after earnings downgrade

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Original article by Jake Mitchell
The Australian – Page: 21 : 23-Aug-16

Australian-listed APN Outdoor has posted a 2016 interim net profit of $A19.5m, which is 49 per cent higher than previously. EBITDA rose by 31 per cent to $A34.8m, and revenue was 10 per cent higher at $A150.6m. However, the outdoor advertising group has advised that it expects EBIT for the full year to be within the range of $A79m to $A84m, down from previous expectations of $A84m to $A88m. APN Outdoor’s shares fell by 35.3 per cent on 22 August, closing at $A5.33.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML, QMS MEDIA LIMITED – ASX QMS, WILSON ASSET MANAGEMENT

Why T. Rowe Price likes outdoor advertising

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Original article by Jessica Sier
The Australian Financial Review – Page: 29 : 28-Jul-16

APN Outdoor has benefited from renewed interest in out-of-home advertising, with its share price gaining more than 160 per cent in the last year. T Rowe Price’s Randal Jenneke says the growing shift from static to digital billboards is driving the strong growth in outdoor advertising. He notes that digital technology allows advertisers to target difference markets depending on the time of day. T Rowe Price is increasing its exposure to APN Outdoor, while UBS has also lifted its holdings in both APN Outdoor and oOh!media.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML, T ROWE PRICE GROUP INCORPORATED, JUNKEE MEDIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD

APN Outdoor buys Metrospace, iOM

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Original article by Max Mason, Sarah Thompson
The Australian Financial Review – Page: 20 : 14-Jul-16

Australian-listed APN Outdoor will increase its presence in Queensland and Victoria with two acquisitions in the outdoor advertising sector. Metrospace boasts 110 outdoor advertising panels across Queensland, while iOM has 130 such sites in Victoria. They are expected to boost APN’s earnings by around $A13m in total. Australia’s out-of-home advertising sector boasted revenue of $A184.4m in the June 2016 quarter.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, METROSPACE OUTDOOR ADVERTISING, IOM PTY LTD, OOH!MEDIA LIMITED – ASX OML, QMS MEDIA LIMITED – ASX QMS, VAL MORGAN OUTDOOR, HOYTS CINEMAS LIMITED, ACTIVE MEDIA GROUP PTY LTD, OAKTREE CAPITAL MANAGEMENT LLC, FITNESS FIRST AUSTRALIA PTY LTD, GOODLIFE HEALTH CLUBS, JUNKEE MEDIA PTY LTD, ADSPACE, INLINK, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, OUTDOOR MEDIA ASSOCIATION INCORPORATED

APN, Fairfax mulling NZ assets merger

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Original article by Max Mason
The Australian Financial Review – Page: 16 : 10-May-16

APN News & Media will outline details of a proposal to spin off its New Zealand division at its AGM on 11 May 2016. The listed newspaper, radio broadcasting and outdoor advertising group also intends to undertake a capital raising worth up to $A200m. Meanwhile, Fairfax Media has downplayed speculation that it is also looking at demerging its NZ operations. However, Grant Samuel is said to have been commissioned to advise on a potential merger of the two groups’ NZ businesses. The firm is also advising APN on its demerger and capital raising.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, FAIRFAX MEDIA LIMITED – ASX FXJ, NZME, FAIRFAX NEW ZEALAND LIMITED, GRANT SAMUEL AND ASSOCIATES PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Technology, urbanisation drive billboard surge

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Original article by Jake Mitchell
The Australian – Page: 22 : 23-Feb-16

Australian-listed APN Outdoor has posted a 2015 pro-forma net profit of $A43.3m, which is 83 per cent higher than previously. It is also 53 per cent higher than forecast in the prospectus for its December 2014 IPO. The outdoor advertising group’s EBITDA of $A73.3m was 62 per cent higher than previously. Meanwhile, rival oOh! Media has also exceeded its prospectus forecasts, with a 2015 pro-forma net profit of $A28.5m and EBITDA of $A57.7m.

CORPORATES
APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML, OUTDOOR MEDIA ASSOCIATION INCORPORATED