NINE ENTERTAINMENT CO HOLDINGS ORD
Nine extends tennis rights, Rio Tinto’s Turquoise Hill purchase stalled and Sandfire gains new CEO
Nine Entertainment (ASX: NEC) has extended its partnership with Tennis Australia, which will see the television giant hold the rights until 2029, under a new deal worth more than $425 million. The new five-year deal sees Nine continue as Australia’s home of tennis, after it took over the rights from competitor Seven West Media (ASX: […]
Nine Entertainment posts record profits, Pendal accepts Perpetual takeover bid and Origin Energy announces climate transition plan
Media company Nine Entertainment (ASX: NEC) has experienced a 35% rise in full-year net profits to $315 million, allowing the company to announce a record dividend payment and proposed $341 million buyback. The company’s profits were driven by a growth in subscriptions, as well as a buoyant advertising market. Nine chief executive officer Mike Sneesby […]
Closing down AAP will rob Australians of valuable news
The rapid impending closure of news service Australian Associated Press (AAP), is one of those occasions when you don’t know what you have lost until it has gone. After 85 years of operation, AAP is set to close on 26 June with about 500 people out of work as a result. While most news consumers […]
Nine and Fairfax merger all about survival
One thing should be absolutely clear about the A$4.2 billion merger between Nine Entertainment (ASX: NEC) and Fairfax Media (ASX: FXJ) – it is all about survival for both of these once proud media companies. As the rivers of gold slowly turned into a dry creek of clicks for Fairfax, the owner of The Age […]