Nine dices up inherited events arm

Original article by Lilly Vitorovich
The Australian – Page: 19 : 22-May-19

Sydney’s City2Surf race is among five sports events that the Ironman Group will acquire from Nine Entertainment in a deal worth $31m. Nine will retain about seven of the events that were previously part of Fairfax Media’s events business, including the Night Noodle Markets and Good Food Month. They will be integrated into Nine’s publishing division, while a number of smaller events will be discontinued. Chinese-owned Ironman Group manages more than 230 events in 53 countries.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, IRONMAN GROUP, FAIRFAX MEDIA LIMITED, WANDA GROUP, AUSTRALIAN COMMUNITY MEDIA, THORNEY INVESTMENT GROUP AUSTRALIA PTY LTD

Nine close to selling Fairfax events business

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 20 : 2-May-19

Nine Entertainment Company is slated to receive final bids for Fairfax Media’s events business within days. Nine CEO Hugh Marks expects a deal to offload the business to be completed shortly. However, he has cautioned that Nine is unlikely to secure a deal to sell Fairfax’s New Zealand division by the end of June. Nine recently secured a deal to sell Fairfax’s portfolio of regional newspapers for $125m. Marks has reiterated Nine’s previous guidance for earnings growth of at least 10 per cent in 2018-19.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED, STUFF LIMITED, MACQUARIE MEDIA LIMITED – ASX MRN, METRO MEDIA PUBLISHING PTY LTD, STAN ENTERTAINMENT PTY LTD, WALT DISNEY COMPANY

Sign of the times as Fairfax goes

Original article by Lilly Vitorovich
The Australian – Page: 13 & 14 : 9-Jan-19

Nine Entertainment Company has confirmed that it is seeking a buyer for Fairfax Media’s events business, which has been valued at between $24m and $32m by Macquarie Group. Meanwhile, Nine has begun the process of phasing out the Fairfax Media brand; workers have used black plastic sheeting to cover the Fairfax signage on the newspaper publisher’s headquarters in the Sydney suburb of Pyrmont. Some Fairfax staff were recently relocated to Nine’s offices in the Sydney CBD in the wake of the $4.2bn merger.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED, LOTUS DEVELOPMENT CORPORATION, EURO PROPERTIES, SYDNEY CITY COUNCIL, SPORTS MEDIA AND ENTERTAINMENT 360, NINE LIVE PTY LTD, AFFINITY EQUITY PARTNERS (AUSTRALIA) PTY LTD, GOOGLE AUSTRALIA PTY LTD

Buyer eyes Fairfax Media events arm

Original article by Joyce Moullakis, Max Mason
The Australian Financial Review – Page: 19 : 28-Aug-18

US-based Motiv has declined to comment on reports that it has made an informal approach to acquire Fairfax Media’s events business, which Macquarie Equities values at about $60m. Fairfax’s proposed merger partner, Nine Entertainment Company, divested its own events business in 2015. A Nine spokeswoman says it is too soon to comment on potential asset sales. There has been speculation that Nine could divest other Fairfax assets, including its regional newspapers.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, MOTIV, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN COMMUNITY MEDIA, STUFF LIMITED, MACQUARIE EQUITIES LIMITED, AUSTRALIAN METRO MEDIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AFFINITY EQUITY, TEG PTY LTD

Nine profit takes hit as $150m buyback launched

Original article by Dominic White, Jared Lynch
The Australian Financial Review – Page: 15 : 27-Feb-15

Australian-listed Nine Entertainment Company has posted a 2014-15 interim net profit of $A88.8m, which is 6.4 per cent lower than previously. The media group’s revenue fell by 1.9 per cent to $A829m. Nine Entertainment will undertake an on-market share buyback worth $A150m over the next year, but CEO David Gyngell says the group is still interested in acquisitions

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, APN OUTDOOR GROUP LIMITED – ASX APO, OOH!MEDIA LIMITED – ASX OML