The deal of a lifetime for CBS - only made possible by the network being deliberately run into the ground to devalue it first, and leveraging their own position as a creditor to minimise the cash cost.
Nine and Seven haven’t been asset striped to the extent of Ten - there’s enough added value in their talent and non-broadcast assets (especially web properties for Nine) to make them worth orders of magnitude more than Ten was.
I would still bet on the obvious- Southern Cross Austereo and Nine, in some form or another.
not true. Ten’s loan facility was not due for payment until December, it only went into administration because the guarantors of the loan saw an opportunity to acquire a rare commodity (a FTA TV license in 5 cap cities) with one of four options. They chose the fourth, and riskiest, move which actually worked to nullify their stranglehold as shareholders because shares became worthless overnight.
Winten Property Group has dumped Grocon as the builder of the Nine headquarters in North Sydney after Grocon failed meet a deadline to lodge a bond with Winten. I’m guessing this may delay construction?
Lendlease has lodged an updated application for the former GTV9 site at Richmond. The amended application seeks to scale up the development, increasing the height of some buildings from six to nine storeys and with a focus on retirement and aged care accommodation.
Nine Entertainment this morning reported a 55 per cent jump in net profit in its half-yearly result, thanks to strong showing by 9Now and Stan.
Revenue up by 9% to $720 million
Group EBITDA up by 51% to $181 million
Net profit after tax up by 55% to $116 million
9Now’s revenue was up by almost 90% compared to the corresponding period, from $9.8 million to $18.2 million. 9Now now claims a registered user base of around five million.
Also, NEC won the telco and media category in the iTnews Benchmark Awards for its innovative work on 9Galaxy. The awards were held at Grand Hyatt Melbourne on Tuesday night.
Nine has appointed Matt Granger as director of sales – sport. Granger previously held senior sales roles, including commercial director, for Australian Radio Network (ARN) for the past six years. He replaces Sam Brennan, who was promoted last year to director of sales – Melbourne, leading Nine’s sales operation across the city.
Staying in a high rise in Docklands in Melbourne on holidays at the moment, and from my bedroom window I’ve noticed this is parked outside some wearhouse.
That’s Docklands studios. Studio 5 (the closest to the trailer) is the one that Nine have on permanent lease where they film Hotseat and the AFL Footy Show. The trailer would have been used for the AFL Footy Show last night.
I’ve stayed in one at Southbank where I could see the ABC Melbourne studios.
And in Sydney where I could see the 2CH AWA Tower whilst in the CBD, or at Chatswood with a birds eye view of the transmitters at Artarmon, Gore Hill and Willoughby.
