TV legend David Leckie dies at 70

Original article by Miranda Ward
The Australian Financial Review – Page: 3 : 21-Jul-21

Media identities have praised industry veteran David Leckie, who has passed away after a long illness. Leckie became CEO of the Nine Network in 1994, after holding a number of roles at the media group. He joined the Seven Network in 2003, and it subsequently displaced Nine as Australia’s top rating free-to-air network under his leadership. Seven West Media’s CEO James Warburton has described Leckie as a "true legend of the Australian media industry", while Nine CEO Mike Sneesby says he was a "giant of television".

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED

Broadcast spectrum buyback threatens popular TV channels

Original article by Zoe Samios
The Age – Page: Online : 17-May-21

The federal government announced a policy in November that would see spectrum licence fees removed in exchange for the radiofrequency spectrum of television broadcasters being reduced by compressing it. The spectrum made available as a result of this compression would be sold at a higher price to companies such as telcos. Broadcasters are worried that the technology that the government plans to use to compress the spectrum will soon be outdated, and that it will reduce the quality of broadcasting and lead to fewer multi-channels.

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Nine ads hit in cyber fallout

Original article by James Madden
The Australian – Page: 19 : 12-Apr-21

A Nine Entertainment Company spokesman has declined to comment on media industry claims that the recent cyber attack has cost it several hundred thousand dollars in lost radio advertising revenue. The spokesman says there has been "minimal impact" on ad bookings; however, Nine is believed to still be having problems with the ad booking and placement system for its radio stations, and some of Nine’s clients are said to have placed ads with rival radio broadcasters since the cyber attack occured in late March.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

ACM gets go-ahead to raise stake in Prime

Original article by Sophie Elsworth
The Australian – Page: 15 : 9-Apr-21

Australian Community Media has been cleared to increase its stake in Seven Network affiliate Prime Media Group to 19.99 per cent. The deal to buy a five per cent stake in Prime from WIN Corporation owner Bruce Gordon had to be cleared by the Australian Communications & Media Authority, as ACM would exceed the 15 per cent threshold that is deemed to be a controlling interest under the Broadcasting Services Act 1992. ACM’s Anthony Catalano says the legislation needs to be updated, as the ‘voices test’ for regional areas does not include digital media. He adds that ACM will have to sell two newspapers in Victoria and New South Wales unless the legislation is changed.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA PTY LTD, PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, SEVEN NETWORK LIMITED, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY

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.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

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

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

Quotas plan for survival of broadcasters

Original article by Richard Ferguson, Geoff Chambers
The Australian – Page: 8 : 27-Nov-20

The federal government will release a green paper on media industry reform on 27 November. Amongst other things, the reforms would introduce local content quotas for subscription video-on-demand providers, as well as the ABC and SBS. TV networks would also be offered a new broadcasting licence that has less regulation, in return for surrendering some of their frequency spectrum. This spectrum would then be auctioned, with the proceeds used for two new funds that will help to finance locally-produced news and drama content.

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AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS

Seven floated merger with ViacomCBS’ Ten

Original article by Zoe Samios
The Age – Page: Online : 26-Oct-20

Sources have indicated that Seven West Media chairman Kerry Stokes held informal talks earlier in 2020 about a potential merger with the rival Ten Network. The discussions between Stokes and ViacomCBS president and CEO Bob Bakish are said to have ended after they agreed that such a deal would not be possible under Australia’s existing media ownership rules. Any such deal would also have faced scrutiny by the Australian Competition & Consumer Commission. The talks have heightened speculation that Stokes may be keen to exit the media sector.

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SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, VIACOMCBS INCORPORATED

Seven West’s five-year fightback

Original article by Lilly Vitorovich
The Australian – Page: 19 : 24-Aug-20

Former Fairfax Media CEO Greg Hywood has completed a review of West Australian Newspapers, amid ongoing speculation about the future of the Seven West Media division. WAN’s editor-in-chief Anthony De Ceglie says Hywood’s recommendations will be taken into account in developing a five-year plan for the newspaper publisher. He adds that WAN will continue to publish print editions for some time, while there has been strong growth in digital subscriptions since WAN paywalled its news websites in mid-2019. Seven West will report its 2019-20 financial results on 25 August.

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SEVEN WEST MEDIA LIMITED – ASX SWM, WEST AUSTRALIAN NEWSPAPERS HOLDINGS LIMITED, FAIRFAX MEDIA LIMITED