Monday June 25, 2018
oOh!media to acquire Adshel from HT&E and launch capital raising
The acquisition value implies an EV/EBITDA multiple of 11.6x pre-synergies, or 8.7x post-synergies. The completion of the acquisition is expected to be in 2018 and is subject to ACCC approval. The purchase price will be funded with a combination of new debt and an equity capital raising.
oOh!media is undertaking a fully underwritten 1 for 2.3 pro rata accelerated non-renounceable entitlement offer to raise approximately $329.9 million (entitlement offer).
oOh!media has arranged fully underwritten new debt facilities in connection with the acquisition, with a total facility limit of $450 million (New Debt). The New Debt will be used to refinance existing oOh!media debt, partly fund the Acquisition purchase price, and to retain flexibility for future capital expenditure and general corporate purposes.
The acquisition is expected to be low double digit EPSA accretive on a pro forma CY2018F basis for oOh!media. This includes expected cost synergies but excludes one-off integration costs and transaction costs. Cost synergies from the acquisition of Adshel are estimated to be $15-$18 million and are expected to be 60% realised in 2019 and fully realised in 2020. These synergies are expected to predominantly comprise savings from leveraging combined infrastructure with duplicated resource rationalisation and reducing outsourcing costs.
oOh!media CEO Brendon Cook said: “oOh!media has a history of developing a diverse product portfolio to offer advertisers a range of audiences. Adshel is complementary to our existing portfolio and we are excited to be entering the new segments of street furniture and rail. The digitisation opportunity in the Adshel business is expected to provide a significant avenue for further growth beyond what has been achieved to date. We are confident that oOh! shareholders will enjoy the benefit of cost synergies arising from the acquisition.”
Game, set and match: Nine ace secures sixth year of Australian Open
• Nine gets another big summer sport: Paying $300m for Australian Open tennis
• Meet the team that strategised Nine’s move from cricket to tennis
Nine has reached agreement with Tennis Australia and the Seven Network to bring forward its rights deal to broadcast tennis by one year.
The new deal means Nine will be the home of Australia’s highest-rating summer sport for six years, commencing in January 2019.
Under the terms of the agreement, Nine has now secured the exclusive rights to all world-class tennis played in Australia from 2019 to 2024.
Nine CEO Hugh Marks and Tennis Australia chair Jayne Hrdlicka
The rights granted for the one-year extension are exactly as per the original deal, meaning Nine has acquired all audio-visual rights for broadcast, streaming, mobile, digital and social platforms, starting with the coming summer of tennis.
In return for agreeing to take on the rights one year early, Nine was able to secure the 2019 rights for a cost of $48.5 million, compared to $60 million from 2020.
Hugh Marks, CEO of Nine, said: “There’s an air of excitement at Nine about being the new home of tennis, so to be able to start our new deal a year early brings us all much delight. As I said back in March, the timing of tennis and the audience demographics it delivers are a perfect fit for Nine and its advertisers. We’re also mighty pleased to have been able to settle on a price for the additional year that is consistent with our original offer to Seven.”
The six-year deal encompasses the Australian Open in Melbourne as well as the lead-up tournaments around Australia – the Hopman Cup in Perth and the Brisbane, Sydney and Hobart Internationals.
—
Top photo: Roger Federer (credit: Leonard Zhukovsky / Shutterstock)
Goodbye, Sky News Business: Pioneering channel to relaunch
The joint venture and new channel, Your Money, will be broadcast free to air on Channel 95, part of Nine’s digital spectrum, and on its streaming service 9Now. It will also be available on Foxtel Channel 601, as well as streaming service Foxtel Now.
CEO of the joint venture company will be Kylie Merritt, currently commercial director of ANC, and David Ash, formerly of Nine digital, will be head of digital for the joint venture, effective immediately.
Set to launch later this year, Your Money will be a 50/50 joint venture with its studio and operations based at the News Corp Australia’s National Business Hub at Holt Street, Surry Hills, Sydney.
Your Money will cover personal finance, luxury lifestyle, real estate, small and big business market moves with live coverage of the trading day.
The on-air lineup for the new channel will feature leading business journalists Brooke Corte and Ticky Fullerton from the former Sky News Business channel. The full on-air lineup will be revealed later this year.
Hugh Marks, chief executive officer of Nine, said: “We are thrilled to partner with Australian News Channel in this exciting joint venture. Our ambition is to take business and finance news reporting, and turn it on its head. We want to re-energise it, giving our expert journalists and commentators a brand new platform to lead the way in the Australian business market.”
Angelos Frangopoulos, CEO and managing editor of ANC, said: “We are setting the stage for a bold new era in business and finance news and commentary in Australia with a new go-to channel for viewers, businesses and advertisers.
“Our joint venture will take our new business and finance content to even wider audiences, bringing together the leading business journalists and commentators on the country’s foremost business and personal finance channel.”
Michael Miller, executive chairman of News Corp Australasia, said: “This joint venture presents exciting opportunities for News Corp, for Australian News Channel and for Nine to take a leading position in both the business and consumer markets.
“We are doubling down with our channels, accessibility, audiences, talent and our content – specifically Australian content – along with our marketing and amplification opportunities, taking the news from broadcast to print, digital and beyond.
“Your Money will leverage the power of Sky News and Nine’s assets and is without doubt a repositioning of business and finance news in the country. It’s a great outcome for corporate Australia and for Australians wanting coverage that helps them better manage their finances.”
The joint venture will form its own management team, program and talent lineup.
The Sky News Business channel will cease to exist once the joint venture is launched.
—
Top photo: Kylie Merrit and David Ash
Vida Scott appointed head of communications for Network Ten
In her new role, Scott will be responsible for the company’s external corporate communications, internal communications, and trade marketing. She will report to Network Ten chief operating officer, Annabelle Herd.
The appointment comes after the departure of Neil Shoebridge, who has opened his own communications consultancy.
• Corporate comms launch: Presenting Shoebridge Knowles Media Group
Annabelle Herd said: “I am delighted to welcome Vida to the Ten team. With her experience across a range of corporate affairs and communications roles, and her obvious passion for television and media, Vida will be a strong asset to the business.”
Scott said: “It’s a great time to be joining Network Ten. The media industry plays an important role for all Australians and Ten is a key part of that landscape. There are a lot of exciting things happening at the company and I’m looking forward to working with the team to shape Ten’s future.”
Scott has broad media industry experience, having held a number of corporate communications and marketing roles at News Corp Australia and APN News & Media (now HT&E). In March 2017, she joined Westpac Group as Senior Communications Manager, working across the company’s group business units.
Scott started her career at Red Agency, where she worked across Fairfax Media and its associated brands.
—
Top photo: Vida Scott
Sports journalist David Riccio on NRL Women's and reporting in the digital age
By Kruti Joshi
Now, he is the sports writer for The Daily Telegraph and The Sunday Telegraph.
“It’s a piece of paper I would love to see today,” Riccio told Mediaweek after the inaugural The Ultimate Footy Lunch on June 21. He was sitting on a barstool with a small football in his hands branded with Fox League and The Daily Telegraph.
“When I went to games as a boy, I was always intrigued by how the cameraman got the vision from the match to my TV by the time I got home. I have always been intrigued by media and sports from a very young age.”
Riccio started off in the industry as a mail boy at AAP. “That was my way into the world of media,” he said. He moved to News Corp in 1999 and hasn’t left since. Riccio isn’t only a known name to the readers of The Daily Telegraph and The Sunday Telegraph. He is often seen on Nine’s Sunday Footy Show and heard on Sydney’s 2GB.
The digital age has impacted on sports reporting “significantly”, Riccio said. “Social media has had a big part to play in the growth of online news platforms.
—
This is an excerpt from the full article, which appears on Mediaweek Premium. Read the full article here, or subscribe to Mediaweek Premium here.
TV Week Logies countdown: Voting reopens, 6 magazine covers
By James Manning
• 2018 TV Week Logie Awards nominees announced
Voting has re-opened today allowing people to vote for their favourite Gold Logie nominee and in the various other reader-voted categories.
To celebrate the final countdown, the TV Week pre-Logies edition today features six separate covers, each with a different Gold Logie nominee.
To find out about the logistics behind the cover shoots, and for info on how you can collect them all, Mediaweek spoke with TV Week editor Thomas Woodgate.
How did TV Week organise six separate cover shoots for your new edition?
This was a massive operation for the team. Over two days before the Logies nominations event we flew the Gold nominees to a special location on the Gold Coast for a top-secret photo shoot. Unfortunately, Andrew Winter had to pull out at the last minute due to his Bell’s palsy episode, so he was shot a couple of weeks later.
—
This is an excerpt from the full article, which appears on Mediaweek Premium. Read the full article here, or subscribe to Mediaweek Premium here.
Home Beautiful thriving with cross-platform initiatives as lifestyle sector grows
By James Manning
She has been with Home Beautiful for 12 years while the current success of House Rules seems certain to guarantee it will be back for a seventh year in 2019.
“The magazine has evolved as the landscape has evolved,” Moore told Mediaweek when she was a guest with us on Mediaweek TV on Sky News Business last week.
• Watch Wendy Moore on Mediaweek TV here
“When I started on Home Beautiful in 2006, it was a beautiful magazine. At the time it needed to be a little broader in its approach to the market and we made that happen.
“What it is now is a brand and not a product. The magazine is a product of that brand. The magazine remains the flagship product, while all the digital and physical platforms make up the total brand now.”
—
This is an excerpt from the full article, which appears on Mediaweek Premium. Read the full article here, or subscribe to Mediaweek Premium here.
Free TV hammers SBS: FTA channels want less Brooklyn Nine-Nine, more Kabul Kitchen
The release focuses on SBS programming decisions in particular.
Free TV Chairman Harold Mitchell commented: “Like most Australians, we value our national broadcasters. They have an important role in our media landscape.
“However, over the last five years SBS TV has moved away from its principal role as a multicultural broadcaster. Much of its programming is now indistinguishable from the existing commercial networks.”
Free TV CEO Bridget Fair added: “Independent analysis has confirmed that of the top 150 shows across SBS One, SBS VICELAND and SBS Food Network, over 55% was commercial content unaligned with their Charter.
“We need less Brooklyn Nine-Nine and Batman and more Eurovision and Kabul Kitchen.”
Under the model proposed by Free TV, a new requirement would be introduced for SBS to take account of the services provided by the commercial sector – mirroring the requirement that already applies to the ABC.
The ACMA would be tasked with undertaking annual competition and charter reviews to report on the performance of the national broadcasters in delivering on their charters.
Free TV has also called for the ABC and SBS Codes of Practice to be registered by the ACMA in the same way as the Commercial Television Industry Code of Practice.
Fair said: “We have recommended that the Panel reinforce the crucial role that national broadcasters play in the lives of Australians. Our proposals are absolutely focused on that.
“All Australians need strong and vibrant national broadcasters that deliver strongly on their existing charter obligations.”
Top 10 Games Charts: PS4 exclusive God Of War holds strong in top spot
See more about the growing industry that makes more annually in Australia than the box office and TV combined in our interview with IGEA CEO Ron Curry, published this week.
By Luke Reilly, Games Editor, IGN
This week’s Australian charts are a mix of recent releases and some big name games that are back in the charts thanks to other circumstances.
The universally acclaimed PS4 exclusive God of War, rated 10/10 on IGN, continues its presence at the top of the charts. It’s a strong achievement for a game released over two-and-a-half months ago, especially for a single-player only game in what’s currently a multiplayer-obsessed market. Sony’s Gran Turismo Sport working its way up to second spot is interesting also. GT Sport launched in October last year to a more lukewarm reception than usual for the series, but has since been bolstered by regular free updates. The game is also part of Sony’s new PlayStation Hits range, priced at an attractive $24.95.
2015’s Halo 5: Guardians is a surprising entry considering its age, though it’s currently available for less than $20 as part of EG Games’ aggressive midyear sale. FIFA 18 is another lasting performer, but there’s little doubt the current World Cup (and the game’s recently added World Cup mode, which was made available as free downloadable content) is a factor here.
One important note is that this chart only indicates what’s going on in retail and doesn’t factor in digital sales (digital downloads exceeded physical console and portable software sales in Australia in 2017 by approximately $366 million). This naturally means successful digital games like PlayerUnknown’s Battlegrounds (which just celebrated 50 million units sold worldwide) and the free-to-play Fortnite Battle Royale (which was recently released on Nintendo Switch, racking up over two million downloads on its first day of availability) are not reflected in the chart.
ARIA Charts: 5SOS chart milestone with #1 single & #1 album
By James Manning
Singles
There is no stopping 5 Seconds Of Summer on the ARIA charts. They have achieved the very rare double of a #1 single and a #1 album at the same time. Their single Youngblood, the title track from the new album, is spending its fifth week on the top of the chart. It is a massive achievement and is it just possible this chart topping could not be over yet?
The only new arrival in the top 10 this week was XXXTentacion following his death last week. Sad! It gets its highest chart spot since release – #8 – after 16 weeks on the chart. Meanwhile Changes has re-entered the chart at #34.
Four artists managed to debut inside the top 50 this week:
#17: Nicki Minaj with Bed featuring Ariana Grande. This is the second tune from single Minaj’s forthcoming Queen album to be released in August.
#23: Martin Garrix with Ocean featuring Khalid
#33: Kygo & Imagine Dragons with Born To Be Yours
#39: Troye Sivan with Dance To This featuring Ariana Grande
Albums
5 Seconds Of Summer have landed their third successive #1 at home with Youngblood straight into the chart at the top. It’s a feat they could perhaps replicate in the US later this week with some people predicting Youngblood could be #1 debut on the Billboard album chart.
Youngblood is the Sydney band’s first album since their chart-topper Sounds Good Feels Good was released in 2015.
Youngblood is the sixth Australian #1 on the ARIA Albums Chart in 2018 after Sheppard’s Watching The Sky, Parkway Drive’s Reverence, Geoffrey Gurrumul Yunupingu’s Djarimirri (Child Of The Rainbow), Kylie Minogue’s Golden and Vance Joy’s Nation Of Two.
Other newcomers on the album chart this week to crack the top 50:
#6: The Carters with Everything Is Love. Beyoncé and Jay-Z release their first album as The Carters.
#9: Christina Aguilera with Liberation. Her eighth studio album is her first in six years.
#11: Jess & Matt with Songs From The Village
#12: Mike Shinoda with Post Traumatic
#24: Rolling Blackouts Coastal Fever with Hope Downs
#36: Cosmo’s Midnight with What Comes Next
#37: Jay Rock with Redemption
#45: Buddy Guy with The Blues Is Alive And Well
—
Top photo: 5 Seconds Of Summer (credit: agwilson / Shutterstock)
TV Ratings Analysis: Sunday June 24
By James Manning
Seven
Despite the State Of Origin, the channel managed to attract its biggest audience of the year so far to House Rules – 948,000. The viewing surge came just days after judge Wendy Moore did a guest spot on Mediaweek TV on the soon-to-be-rebranded Sky News Business.
Meanwhile a repeat episode of Sunday Night did 496,000.
Nine
It was all about State Of Origin last night with Nine’s first Sunday match in a long time. While the match dominated and put Nine well ahead of the competition, the numbers were down a little on expectations of what an Origin Sunday might deliver.
The match did over 2.1m metro to become the second-highest rating program of the year, behind only Origin 1. The Sydney audience was close to 900,000 while Brisbane was over 700,000.
Nine’s winning Sydney primary share was 45.1%, while Brisbane, hoping for a last minute miracle as the match drew to a close, was on 50.7%. Nine also won in Melbourne, but Seven was ranked #1 in Adelaide and Perth.
The NSW victories mean there will be less tension in game three with the series already decided. However, Queensland will have pride on the line not to go down 3-0.
TEN
The start of Sweet Week on MasterChef saw the return of Adriano Zumbo to the program after he tried his own shows on SBS and then Seven. A croquembouche challenge tested the remaining cooks with 731,000 watching.
Earlier in the night the Sunday Project did 464,000 at 7pm.
Adriano Zumbo on MasterChef
ABC
Grand Designs New Zealand followed the news with 514,000.
Mystery Road then did 525,000.
SBS
It was a great night for football fans as just moments after State Of Origin Game 2 ended people could switch to SBS for the latest adventures of England in the World Cup. The team really turned it on with a decisive victory over Panama for the 566,000 watching.
Week 25-26 TV: Friday-Sunday
| FRIDAY METRO | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| ABC | Seven Affiliates | Nine Affiliates | Ten Affiliates | SBS | |||||
| ABC | 12.1% | 7 | 21.7% | 9 | 15.6% | WIN | 10.3% | SBS One | 10.6% |
| ABC 2 | 2.6% | 7TWO | 3.2% | GO! | 4.8% | ONE | 2.8% | VICELAND | 1.3% |
| ABC ME | 0.5% | 7mate | 3.9% | GEM | 1.6% | ELEVEN | 1.8% | Food Net | 0.9% |
| ABC NEWS | 1.3% | 7flix | 2.5% | 9Life | 2.3% | NITV | 0.1% | ||
| TOTAL | 16.6% | 31.3% | 24.3% | 14.9% | 12.9% | ||||
| SATURDAY METRO | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| ABC | Seven Affiliates | Nine Affiliates | Ten Affiliates | SBS | |||||
| ABC | 11.3% | 7 | 16.5% | 9 | 16.8% | WIN | 10.5% | SBS One | 10.9% |
| ABC 2 | 2.6% | 7TWO | 4.3% | GO! | 3.9% | ONE | 3.4% | VICELAND | 0.9% |
| ABC ME | 0.9% | 7mate | 4.0% | GEM | 2.6% | ELEVEN | 3.1% | Food Net | 0.8% |
| ABC NEWS | 1.3% | 7flix | 3.6% | 9Life | 2.4% | NITV | 0.2% | ||
| TOTAL | 16.1% | 28.5% | 25.6% | 17.0% | 12.8% | ||||
| SUNDAY METRO | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| ABC | Seven Affiliates | Nine Affiliates | Ten Affiliates | SBS | |||||
| ABC | 8.6% | 7 | 16.7% | 9 | 32.6% | WIN | 10.2% | SBS One | 9.3% |
| ABC 2 | 1.9% | 7TWO | 2.4% | GO! | 2.8% | ONE | 2.0% | VICELAND | 0.6% |
| ABC ME | 0.5% | 7mate | 4.3% | GEM | 2.1% | ELEVEN | 1.6% | Food Net | 0.5% |
| ABC NEWS | 0.8% | 7flix | 1.3% | 9Life | 1.6% | NITV | 0.2% | ||
| TOTAL | 11.7% | 24.8% | 39.1% | 13.9% | 10.5% | ||||
| SUNDAY REGIONAL | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| ABC | Seven | Nine | Ten | SBS | |||||
| ABC | 9.0% | 7 | 17.7% | 9 | 38.5% | TEN | 6.8% | SBS One | 4.9% |
| ABC 2 | 2.0% | 7TWO | 3.1% | GO! | 3.3% | ONE | 2.0% | VICELAND | 0.4% |
| ABC ME | 0.6% | 7mate | 4.2% | GEM | 2.6% | ELEVEN | 1.0% | Food Net | 0.5% |
| ABC NEWS | 0.8% | 7flix | 1.0% | 9Life | 1.2% | NITV | 0.1% | ||
| TOTAL | 12.4% | 26.0% | 45.6% | 9.8% | 5.9% | ||||
| SUNDAY METRO ALL TV | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FTA | STV | ||||||||
| 89.9% | 10.1% | ||||||||
All People Rankings
Friday Top 10
- Seven News Seven 915,000
- Seven News / Today Tonight Seven 857,000
- Nine News Nine 852,000
- Nine News 6:30 Nine 826,000
- A Current Affair Nine 669,000
- The Chase Australia Seven 594,000
- ABC News ABC 579,000
- Better Homes And Gardens Seven 572,000
- Endeavour ABC 563,000
- Seven’s AFL: Friday Night Football Seven 525,000
Saturday Top 10
- Seven News Seven 876,000
- Nine News Nine 779,000
- Abc News ABC 667,000
- Shakespeare And Hathaway ABC 590,000
- 2018 FIFA World Cup: Bel v Tun Live SBS 489,000
- Rugby: 2018 Wallabies v Ireland Test Live Ten 435,000
- Border Security – Australia’s Front Line (R) Seven 397,000
- Rugby: 2018 Wallabies v Ireland Test Post-Match Ten 391,000
- Poldark ABC 368,000
- Seven’s AFL: Saturday Night Football Seven 366,000
Sunday FTA
- State Of Origin Rugby League Qld v NSW 2nd – Match Nine 2,090,000
- Seven News Seven 1,160,000
- State Of Origin Rugby League Qld v NSW 2nd – Post Match Nine1,156,000
- State Of Origin Rugby League Qld v NSW 2nd – Pre Match Nine1,068,000
- Nine News Nine 1,067,000
- House Rules Seven 948,000
- MasterChef Australia Ten 731,000
- ABC News Sunday ABC 695,000
- 2018 FIFA World Cup: Eng v Pan Live SBS 566,000
- Mystery Road ABC 525,000
- Grand Designs New Zealand ABC 514,000
- Sunday Night (R) Seven 496,000
- The Sunday Project 7pm Ten 464,000
- Seven News At 5 Seven 363,000
- Ten Eyewitness News Ten 335,000
- NCIS (R) Ten 288,000
- Nine News: First At Five Nine 283,000
- The Sunday Project 6.30pm Ten 261,000
- 2018 FIFA World Cup: Eng v Pan Post-Match SBS 254,000
- Crimes That Shook The World Seven 253,000
Sunday Multichannel
- M- Captain America: The Winter Soldier-PM 7mate 182,000
- Hey Duggee-AM ABCKIDS/COMEDY 178,000
- Thomas And Friends-AM ABCKIDS/COMEDY 170,000
- Peppa Pig-AM ABCKIDS/COMEDY 165,000
- Andy’s Baby Animals ABCKIDS/COMEDY 158,000
- Fireman Sam-AM ABCKIDS/COMEDY 156,000
- Play School Story Time ABCKIDS/COMEDY 152,000
- Bananas In Pyjamas-AM ABCKIDS/COMEDY 152,000
- Play School-AM ABCKIDS/COMEDY 144,000
- Peppa Pig-PM ABCKIDS/COMEDY 144,000
- Dot.-AM ABCKIDS/COMEDY 144,000
- M- Pirates Of The Caribbean: The Curse and The Black Pearl 7mate-PM 144,000
- Motorway Patrol-PM 7TWO 142,000
- Floogals ABCKIDS/COMEDY 142,000
- Peter Rabbit ABCKIDS/COMEDY 140,000
- Octonauts ABCKIDS/COMEDY 139,000
- Olobob Top-AM ABCKIDS/COMEDY 138,000
- Love Island Australia 9GO! 138,000
- Sesame Street-AM ABCKIDS/COMEDY 136,000
- Kazoops!-PM ABCKIDS/COMEDY 133,000
Sunday Subscription TV
- Live: AFL Collingwood v Carlton FOX FOOTY 324,000
- Live: Bounce FOX FOOTY 141,000
- Live: Sunday Footy On Fox FOX FOOTY 116,000
- Live: Motorsport: F1: France Race FOX SPORTS 506 95,000
- Live: NRL Tonight: Origin Edition FOX LEAGUE 65,000
- Live: F1: France Pit Lane Race Day FOX SPORTS 506 58,000
- Live: NRL Tonight: Origin Edition FOX LEAGUE 51,000
- Live: NZ v Eng FOX LEAGUE 48,000
- Outsiders SKY NEWS LIVE 48,000
- Outsiders SKY NEWS LIVE 46,000
- Bob FOX FOOTY 40,000
- The Simpsons FOX8 35,000
- Selling Houses Australia LifeStyle Channel 34,000
- Peppa Pig Nick Jr. 34,000
- The Simpsons FOX8 34,000
- Live: U18 Championships FOX FOOTY 33,000
- Sunny Day Nick Jr. 33,000
- Lewis 13TH STREET 33,000
- Mrs. Brown’s Boys UKTV 33,000
- Law & Order: SVU UNIVERSAL 32,000
Shares all people, 6pm-midnight, Overnight (Live and AsLive), Audience numbers FTA metro, Sub TV national
Source: OzTAM and Regional TAM 2018. The Data may not be reproduced, published or communicated (electronically or in hard copy) without the prior written consent of OzTAM
Media News Roundup
Business Of Media
oOh!media gets Adshel – winning bid of $570m if ACCC doesn’t object
As The Australian Financial Review first reported, oOh!media pounced on Here, There & Everywhere’s Adshel with an all cash bid of $570 million on Saturday morning, while JCDecaux and APN Outdoor, the underbidder for Adshel, re-engaged in potential takeover talks.
After estimated synergies of $15 million to $18 million, the agreed acquisition price equates to 8.7 times earnings before interest, tax, depreciation and amortisation.
In 2016, HT&E paid $268 million for the 50% of Adshel it didn’t already own, valuing the business at $536 million.
JCDecaux gets APN Outdoor – weekend negotiations over final price
After an offer of $1.1b from JCDecaux for APN Outdoor last week, the two companies started engaging overnight on Friday, as revealed by The Australian Financial Review on Saturday morning.
It is understood APN Outdoor’s management presented to the board of JCDecaux in the early hours of Saturday morning (Friday in France) and both parties, along with their advisors, were working late into Sunday night to try to get a deal done.
Telstra chief executive Andy Penn declares Foxtel stake not for sale
“We’re in a unique position, frankly, where some of our competitors are spending a lot of money every year buying relatively narrow access to media, where we have exclusive access to the best media in the country, and we’ve secured that through a very effective arrangement by virtue of we own 35% of the combined Foxtel and Fox Sports and have pretty much exclusive access to that content.”
Penn said he was happy with Telstra’s Foxtel stake as is, after Foxtel and Fox Sports merged reducing the telco’s exposure to media.
Domain to cut jobs and shift some ad sales operations to Fairfax Media
Six months after the surprise resignation of Antony Catalano as chief executive of Domain, Falloon has outlined plans to hand responsibility for parts of the company’s sales unit to Chris Janz, managing director of Fairfax’s newspaper division, Australian Metro Publishing.
Between 24 and 26 redundancies at Domain Media Sales could occur, sources said.
Publishing
Bauer restructure: Fiona Connolly editor-in-chief of Woman’s Day, NW & OK!
Staff from several of the Bauer Media titles were called into closed-door meetings last Wednesday where a new model for entertainment reporting was announced.
During the meeting, staff were told that serious changes were ahead at the company with a centralised reporting model for multiple publications.
Yesterday Bauer boss Fiona Connolly confirmed the changes.
“We’ve created a Women’s Celebrity Entertainment category encompassing Woman’s Day, NW and OK! magazines and I’m now editor-in-chief of those three titles,” she said.
“Content sharing and planning, and reducing duplication in all parts of our business, simply makes sense.”
Television
Hope, Rogers & Gould star in TEN’s Survivor: Champions Versus Contenders
Moana, Mat and Shane
For the first time in Survivor history, 12 everyday contestants, the Contenders, will take on 12 giants of Australian society, the Champions.
The Champions tribe is made up of outstanding achievers in physical, intellectual and social endeavours and are used to applying pure grit to gain success. In order to last 50 days and become the Sole Survivor, the Contenders must rise to the challenge to outwit, outplay, outlast.
From the 24 exciting, determined and inspiring players in the game this year, the first competitors announced for the Champions are:
• Damien, Former Special Forces Commando: Damien is an Australian Veteran from the war in Afghanistan where, in 2009, an explosion resulted in him losing both legs and suffer other extensive damage to his body. His commitment to recovery and rehabilitation saw him master the use of his prosthetic legs and go on to compete in two Invictus Games in wheelchair basketball, walk the Kokoda Track and compete in numerous sporting competitions. Damien is also a best-selling author, actor and motivational speaker.
• Mat R, Dual Code Rugby International: Mat Rogers originally made his mark on rugby league as a standout player for the Cronulla Sharks for six years. After success representing Queensland and Australia, Mat changed codes to Rugby Union in 2001 where he went on to represent Australia with the Wallabies in 45 test matches. In 2007, Mat returned to league to play for the new Gold Coast Titans before retiring from sport in 2011. Mat now devotes his time to another passion – raising money and awareness for children with autism via his foundation, 4 ASD.
• Moana, AFLW Marquee Player: A celebrated and powerhouse player for Women’s Aussie Rules Football, Moana made a name for herself on the field as one of the leading goal kickers in the league. An accomplished junior sportswoman, Moana represented Victoria in cricket and Australian Rules, but decided to give up the summer sport in order to concentrate on footy. One of 14 kids, Moana’s family means everything to her. She is the primary carer for her younger sister, Lavinia, who suffers from Moebius Syndrome, a rare neurological condition.
• Shane, Swimming World Record Holder: An Australian legend in the swimming pool, Shane is sporting royalty and one of the world’s greatest female swimmers. Between 1971 and 1973, she broke 11 world records in six different events and is the only woman ever to win five individual Olympic medals. Controversially retiring at the age of 17 and at the height of her success, Shane has gone on to raise four children, earn two degrees from the University of Tasmania, become an author and a passionate photographer.
The first competitors announced for the Contenders are:
• Jenna, FIFO Supervisor: Working as a supervisor in the mines in Western Australia for the past six years, Jenna happily embraces adventure. An active NFL and AFL player, Jenna is a typical outdoors girl tearing around the bush on her motorbike or wakeboarding. Besides her passions outdoors, Jenna is also a proud mum and counts her daughter as her greatest motivation to achieve.
• Robbie, Construction Manager: Robbie has been determined from a young age, competing at a national level in swimming on top of completing his studies. Since jumping out of the pool, Robbie held down three jobs while completing his Masters in Architecture and has now progressed to Construction Manager after years of putting in the hard work and long hours.
• Tegan, Management Consulting: Even though Tegan’s hometown of Broome is quite isolated, this WA mum of two is well-travelled including riding down Bolivia’s Death Road as one of her most memorable adventures. An experienced camper and fisherwoman, Tegan is looking forward to pushing her outdoor skills to the next level with building shelter and starting fires from scratch.
As Stephen Quartermain hosts last TEN bulletin, Jennifer Keyte starts today
And it was with a glass of 1997 Penfolds Grange that he acknowledged his tenure as the face of the network’s Melbourne bulletin.
The respected journalist and accomplished presenter exited the newsdesk hot seat with quiet dignity after almost 33 years with Ten and more than three years as weekday newsreader.
He is yet to make a decision about his future.
He is contracted to Ten until the end of the year and the network is still keen for him to remain part of Melbourne news team as sports presenter.
91.9 Sea FM breakfast host Jess Eva contestant on new season of The Block
The 33-year-old 91.9 Sea FM breakfast host and fiancé Norm Hogan, 40, will compete against four other teams on the Channel 9 reality renovation series.
The popular Sunshine Coast host (pictured) presents alongside Adam “BarRat” Barratt on their show BarRat and Jess between 5am and 9am on weekdays.
It was previously revealed that Commonwealth Games champion Bianca Chatfield, 36, and fellow netball star Carla Dziwoki, 35, will represent Victoria.
Julia Zemiro appointed new artistic director for the Adelaide Cabaret Festival
Many of us know Zemiro for her TV work, including hosting RocKwiz, Home Delivery, her years commentating the Eurovision Song Contest as well as hosting new Channel 7 singing competition All Together Now.
But the French-born Aussie also has a long and varied background in live performance.
A graduate of the Victorian College of the Arts, Zemiro’s stage work includes being an original cast member of the improvised stage show Spontaneous Broadway, a lead role in Adelaide’s Glynn Nicholas-penned musical Eurobeat and hosting the Comfort Zone for the Adelaide Festival in 2010.
“With my RocKwiz background and being around with those musicians, the Eurovision experiences, my improv days, I’ve got this variety I can bring to the table,” she says.
Radio
Grubby and Dee Dee hosting 3AW breakfast for one week from July 9
Seven years after departing the breakfast shift at Gold FM, the pair will hold the fort for 3AW’s breakfast kings Ross Stevenson and John Burns while they take their mid-year ratings survey break.
Stubbs and Dunleavy will host the all-important slot for a week, starting on July 9.
Stubbs and Dunleavy are one of Melbourne’s most enduring radio partnerships, having hosted breakfast at Fox FM for 13 years and Gold FM for 12½ years.
Sports Media
Michael Slater joining Ricky Ponting and Damien Fleming on Seven cricket
Michael Slater
Slater was Australia’s aggressive stroke-playing star at the top of the order for a decade, including during the team’s golden run of success where they won a record 16 consecutive Tests in a row.
The former Nine cricket commentator Michael Slater commented:
“I’m thrilled to be joining Channel 7. I’ve been a longtime fan of their sports coverage – particularly live sport – and can’t wait to join the new team and help give Test cricket and the Big Bash a fresh look and approach.”
Channel 7 head of cricket Dave Barham said:
“We’re absolutely rapt to have Slats join our team. He is a class broadcaster who will bring experience to our Test coverage, and all his trademark energy to our BBL.”
The Slater signing follows the announcement recently that Australia’s highest ever run-scorer, Ricky Ponting, and “The Bowlologist” Damien Fleming will call Test matches and BBL on Seven.
New Magazines This Week
