In 2014, Nine Entertainment Co founded online streaming company Stan with Fairfax Media, investing A$50 million into the joint venture. In 2014, Nine joined with Fairfax to launch Stan and in March 2016 it purchased a stake of 9.9 percent stake in Southern Cross Media Group from Macquarie Group. (b) The purpose of this shareholder communications policy is to promote effective communication PBL Media was established in October 2006, when PBL transferred its media interests, including the ACP Magazines, Nine Network, and ninemsn, to the new business - a joint venture between PBL and CVC Asia Pacific. Where Australia Connects. Nine Entertainment Co and Fairfax Media announce merger. Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment company with investments spanning television, video on demand, print, digital, and radio. Vendors included Apollo Global Management, Oaktree Capital and Goldman Sachs who took over from CVC in a refinancing deal in October 2012. 5 min read. [12] In February 2013 David Haslingden, previously President and Chief Operating Officer of Fox Networks Group, was appointed to the Board as an independent non-executive director and chairman.[13]. Nine Entertainment and News Corp Australia are major shareholders, who recently deemed the 85-year-old institution “unsustainable.” “It is a great loss that professional and researched information provided by AAP is being substituted with the unresearched and often inaccurate information that masquerades as real news on the digital platforms,” said AAP’s chairman Campbell Reid. Over a year since the deal was first mooted, shareholders of Fairfax Media have approved the proposal by fellow Australian media giant Nine Entertainment to acquire 100% of its issued capital. The AAP wire service is due to shut on 26 June. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. [8], On 27 October 2008, James Packer and CMH representatives, such as Alexander, resigned from the board of PBL Media, effectively ending financial backing and future associations with the company. In June 2007, PBL announced that it would sell a further 25% to CVC Capital Partners for A$515 million. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. ... she could have voluntarily disappeared. To the annoyance of some shareholders, Nine Entertainment Holdings shares are down a considerable 45% in the last month.That drop has capped off a tough year for shareholders, with the share price down 45% in that time. Fintel Unfortunately, that's worse than the broader market decline of 6.8%. See our Privacy Policy and Terms and Conditions. Nine Entertainment’s outgoing CEO, Hugh Marks, has announced a 42% increase from last year on earnings before interest and tax of $355m. Detail on 13F filings are free. [14], In October 2015 WIN Corporation purchased a 14% stake in Nine Entertainment Co. from investment fund operator Apollo. [6] On 26 July 2018, Fairfax Media and Nine Entertainment Co. announced it had agreed on terms for a merger between the two companies to become Australia's largest media company. The rub for Nine’s shareholders and customers is that credibility, reputation and product integrity are hard-won over many years yet easily lost in a rash moment, or a retinue of rash moments. He said: "All … Nine Entertainment Co. Holdings Limited engages in the broadcasting and program production businesses across free to air television and metropolitan radio networks in Australia. Detail on NP filings require a premium membership. We outline Nine Entertainment Co Holdings Limited’s ultimate parent and largest shareholders. Nine Entertainment’s outgoing CEO, Hugh Marks, has announced a 42% increase from last year on earnings before interest and tax of $355m. [5] The recapitalisation was announced on 18 October 2006. ", "PBL announces split into two separate listed companies", "PBL's $5.5 billion recapitalisation and establishment of Australia's largest diversified media group, PBL Media", "PBL sells 25 percent interest in PBL Media to CVC", "FIRB confirms no objection to CVC's further 25 in PBL Media", "Company Announcement - Nine Entertainment Co", "Former McDonald's CEO Bush to chair Nine", "Nine's new CEO Hugh Marks plans to respond to the Netflix challenge", "Nine signs affiliation agreement with Southern Cross", "Nine and Southern Cross ink new regional TV deal", "Nine sells stake in Southern Cross after only six months", "Nine and Fairfax agree terms to merge to become Australia's largest media company", "WIN's Bruce Gordon lifts voting power in Nine Entertainment", "Stuff ownership to return to NZ after management buy-out", "Stuff sold for $1 to CEO Sinead Boucher by Nine Entertainment", "Stuff chief executive Sinead Boucher buys company for $1", "Nine 2016 Upfront: Plans to broadcast in HD and launch new lifestyle FTA channel", "Car Advice website started by a 21-year-old in his parents spare bedroom has sold for $35 million", https://www.nineforbrands.com.au/media-release/nine-launches-9voyager-opening-up-television-market-to-small-and-medium-businesses/, Pedestrian TV to absorb Allure Media in post-Fairfax consolidation, "Mi9 latest to exit group buying, selling Cudo to owner of deals.com.au", "News Corp buys Sky News in Australia and New Zealand from Seven and Nine", https://en.wikipedia.org/w/index.php?title=Nine_Entertainment_Co.&oldid=1010189495, Companies listed on the Australian Securities Exchange, Television broadcasting companies of Australia, Use Australian English from November 2011, All Wikipedia articles written in Australian English, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, CarAdvice.com, automotive reviews and news, 9Voyager, an advertisement buying platform. Nine Entertainment Co. Holdings Limited (trading as Nine Entertainment Co.) is an Australian publicly-listed media company with holdings in radio and television broadcasting, newspaper publications and digital media. [18], In March 2016, Nine Entertainment Co purchased a 9.9% stake in Southern Cross Media Group from the Macquarie Group. [24] In September 2018 it was announced that WIN Corporation's overall economic interest had grown to 25%. It is believed at least 180 jobs will be lost in the closure. Message Board data supplied by SiliconInvestor . Nine Entertainment could face a strong shareholder vote against executive pay at the metropolitan free-to-air network's annual general meeting on Tuesday. Subsidiaries. Real-time pricing data supplied by IEX. Core Equity Portfolio - Institutional Class, GDMIX - Lazard Global Dynamic Multi-Asset Portfolio Institutional Shares, VT - Vanguard Total World Stock Index Fund ETF Shares, JISAX - International Small Company Fund Class NAV, VTMGX - Vanguard Developed Markets Index Fund Admiral Shares, Brighthouse Funds Trust II - Brighthouse/Dimensional International Small Company Portfolio Class A, EQ ADVISORS TRUST - EQ/International Value Managed Volatility Portfolio Class IA, IDEV - iShares Core MSCI International Developed Markets ETF, HAINX - Harbor International Fund Institutional Class, SFILX - Schwab Fundamental International Small Company Index Fund Institutional Shares, WLCTX - Wilshire International Equity Fund Investment Class, SSGVX - State Street Global Equity ex-U.S. Index Portfolio State Street Global All Cap Equity ex-U.S. Index Portfolio, MFDX - PIMCO RAFI Dynamic Multi-Factor International Equity ETF, IXUS - iShares Core MSCI Total International Stock ETF, JNL SERIES TRUST - JNL/DFA International Core Equity Fund (I), DDLS - WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund N/A, PICAX - International Small Company Fund Class A, VFSNX - Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares, SCHC - Schwab International Small-Cap Equity ETF, VSGX - Vanguard ESG International Stock ETF ETF Shares, TLTD - FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund, DFA INVESTMENT DIMENSIONS GROUP INC - International Sustainability Core 1 Portfolio Shares, Dfa Investment Dimensions Group Inc - Va International Small Portfolio, VGTSX - Vanguard Total International Stock Index Fund Investor Shares, DFA INVESTMENT DIMENSIONS GROUP INC - World ex U.S. We note that hedge funds don’t have a meaningful investment in Nine Entertainment Holdings. Shareholders in Nine Entertainment Co. took a 51% of the combined entity and Fairfax shareholders own 49%. The Packers officially ended their involvement with the company in 2008 and its name was changed to Nine in 2010. The company merged with Fairfax Media in December 2018, expanding its brands and investments across television, video on demand, print, digital, radio and real estate classifieds. [15] In February 2016, Peter Costello was appointed chairman. Assuming nothing else has changed, a lower share price makes a stock more attractive to potential buyers. Australian media and entertainment company, "Nine Entertainment reports profit following merger", "Should You Like Nine Entertainment Co. Holdings Limited's (ASX:NEC) High Return on Capital Employed? From 2 December 2010, PBL Media rebranded as Nine Entertainment Company[11] In December 2011 former McDonald's Australia chief executive Peter Bush was appointed chairman following the resignation of Tim Parker. Sources close to discussions about AAP's future, who spoke on the condition of anonymity, said the operation has been under immense financial pressure and major shareholders Nine Entertainment Co and Rupert Murdoch's News Corp were assessing all options. The entity is largely a successor to the former Publishing and Broadcasting Limited (PBL), which was established by the Packer family. As part of the agreement, Nine will benefit from all proceeds of the sale of wholesale broadband business Stuff Fibre to telecommunications company Vocus Group, and ownership of Stuff's Wellington printing press.[26][27][28]. Under a split of PBL into two companies, after Kerry Packer's death in 2005, PBL Media, formerly held by PBL, was transferred to Consolidated Media Holdings (CMH).[4]. With 8.9% and 5.9% of the shares outstanding respectively, Pendal Group Limited and Legg Mason, Inc. are the second and third largest shareholders. The consortium considers most of the value of the investment is to be derived from restructuring the operation, which will not operate with the $10 million it currently receives from Nine and News Corp annually. The Nine Entertainment Co Holdings PE ratio based on its reported earnings over the past 12 months is 17.66.The shares are currently trading at A$2.94.. Historic Australian media company Fairfax Media will be no more now that shareholders have approved a $4 billion "merger" with Nine Entertainment. Nine Radio also manages national sales for Nova Entertainment owned-and-operated 5AA. Nine Entertainment Holdings is not owned by hedge funds. We regret to report that Nine Entertainment Holdings shareholders are down 20% for the year (even including dividends) . The merger brings the total number of major media organisations in Australia down from five to four, and heralding in the era of mega-media conglomerates with a say in every medium. Major shareholders Nine Entertainment Co and Rupert Murdoch's News Corp will sever longstanding partnerships with AAP in an effort to cut costs amid a challenging media advertising landscape. (b) The purpose of this shareholder communications policy is to promote effective communication Need help or want to help improve Fintel? Welcome to Nine for Brands. AAP staff at Tuesday's briefing on the newswire's closure. It was the Nine Entertainment Company annual general meeting yesterday and Peter Costello, federal treasurer turned company chairman rose to take questions from the floor. Shareholders support major Australian media merger By ROD McGUIRK November 19, 2018 GMT CANBERRA, Australia (AP) — Shareholders on Monday gave final approval to the merger of television network Nine Entertainment and newspaper publisher Fairfax Media into an Australian media giant to be known only as Nine despite one shareholder’s late bid to stop the deal. 2019-09-09 sec.gov - 457 Ltd. is currently the company’s largest shareholder with 15% of shares outstanding. The company's current directors are Ian Law, Chris Anderson, Martin Dalgleish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs. Cudo, a group buying site launched as a joint venture with, This page was last edited on 4 March 2021, at 06:48. VGTSX - Vanguard Total International Stock Index Fund Investor Shares, DISVX - Dfa International Small Cap Value Portfolio - Institutional Class, VTMGX - Vanguard Developed Markets Index Fund Admiral Shares, Dfa Investment Trust Co - The Asia Pacific Small Company Series, IEFA - iShares Core MSCI EAFE ETF, DFIEX - International Core Equity Portfolio - Institutional Class, SCZ - iShares MSCI EAFE Small-Cap ETF, SDIV - Global X SuperDividend ETF, PICAX - International Small Company Fund Class A, and VFSNX - Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares. Click the link icon to see the full transaction history. Fairfax Media was delisted from the Australian Securities Exchange in December 2018. Largest shareholders include for registration and will fill up soon, so sign up now! Insider Buying: Insufficient data to determine if insiders have bought more shares than they … 001-35674 REALOGY HOL. The key is to keep your eyes on the fundamental developments. Nine Entertainment’s history While Nine Entertainment Company (NEC) has only listed as a publicly listed company since October 2006, its history as the operator of Channel 9 dates back to the 1950s. [20][21] Nine sold its stake in the business in September. 001-35674 REALOGY HOL, 13F Universe (Hedge Fund Holdings Tracker), GSEQX - Goldman Sachs Multi-Manager Global Equity Fund Class R6 Shares, DISVX - Dfa International Small Cap Value Portfolio - Institutional Class, DWM - WisdomTree International Equity Fund N/A, PDN - Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF, DFA INVESTMENT DIMENSIONS GROUP INC - International Vector Equity Portfolio Shares, SPDW - SPDR(R) Portfolio Developed World ex-US ETF, GWX - SPDR(R) S&P(R) International Small Cap ETF, JOHN HANCOCK VARIABLE INSURANCE TRUST - International Small Company Trust NAV, FNDC - Schwab Fundamental International Small Company Index ETF, AVDVX - Avantis International Small Cap Value Fund Institutional Class, SBHSX - Segall Bryant & Hamill International Small Cap Fund Retail Class, KPIEX - KP INTERNATIONAL EQUITY FUND INSTITUTIONAL SHARES, DFIEX - International Core Equity Portfolio - Institutional Class, ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST - AZL DFA International Core Equity Fund, DFA INVESTMENT DIMENSIONS GROUP INC - T.A. Nine Entertainment Co Holdings Limited is a publicly listed company, generating revenue from television broadcasting, program production, digital media, subscription television and other media sectors. - Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. Webinars are open Pedestrian Group (majority stake), a digital media enterprise including the former Allure Media. AAP's major shareholders -- Rupert Murdoch's News Corp and broadcasting and newspaper group Nine Entertainment -- pulled their support for the newswire in March On 16 April 2015 Nine Entertainment Co announced the sale of its Nine Live business to Affinity Equity Partners for A$640 million to reduce debt and fund an ongoing capital management program. [7] In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately A$526 million. The company was a successor of the long-established Australian media group Australian Consolidated Press (ACP), created by Sir Frank Packer, whose Channel 9 was Australia's first commercial TV network. The television, publishing and digital media company (which owns this masthead) is basking in the glow of recently reporting a … CMH stated that they would not be investing any further funds, and as such, CMH's 25% interest became diluted to a stake less than 1%. These institutions hold a total of 125,297,385 shares. Largest shareholders include VGTSX - Vanguard Total International Stock Index Fund Investor Shares, DISVX - Dfa International Small Cap Value Portfolio - Institutional Class, Dfa Investment Trust Co - The Asia Pacific Small Company Series, VTMGX - Vanguard Developed Markets Index Fund Admiral Shares, IEFA - iShares Core MSCI EAFE ETF, DFIEX - International Core Equity Portfolio - Institutional Class, … The prospect of Nine Entertainment’s two major legacy shareholders, Apollo and Oaktree deciding to retain some of their combined 36 per cent shareholding beyond the August 2014 voluntary escrow period is a mixed blessing. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … Nine and Fairfax will soon join forces following a shock merger announcement. The company was a successor of the long-established Australian media group Australian Consolidated Press (ACP), created by Sir Frank Packer, whose Channel 9 was Australia's first commercial TV network. The Schedule 13D indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Capital Partners, had refinanced debt facilities as well as injecting in excess of A$300 million. Fintel makes it easy to profit from following activist hedge funds. Fintel® is a registered trademark. Its metro publishing assets continue to be published by the group as Nine Publishing. [16], In November 2020, Hugh Marks resigned from the Nine Network after revealing he was in a relationship with a former colleague.[17]. Rewards. For example, the Nine Entertainment Co. Holdings Limited(ASX:NEC) share price is up 55% in the last three years, clearly besting the market return of around 10% (not including dividends). Unfortunately, that's worse than the broader market decline of 6.8%. Writing on Facebook, Mr Colegate denied the idea Ms Dingley would spark a major search operation by vanishing, rather than simply telling him she needed time alone. ONE of Nine Entertainment Co's major shareholders will offload 40 per cent of its stake in Nne s imminent float just a year after buying into the media company. [19] On 29 April 2016, Nine Entertainment Co. ended a 27-year affiliation agreement with WIN Corporation, instead partnering with Southern Cross Austereo in parts of regional Queensland, New South Wales and Victoria, after securing a 50% revenue sharing deal with Southern Cross, which is higher than its existing 39% deal with WIN. Shares in Nine Entertainment Co Holdings are currently trading at A$2.94 and the price has … (a) Nine Entertainment Co. Holdings Limited (NEC) recognises that shareholders and other stakeholders are entitled to be informed in a timely and readily accessible manner of all major developments affecting NEC. ©AFP/File PETER PARKS Sydney (AFP) - The Australian Associated Press has been acquired by a consortium led by philanthropists, saving the newswire from closure at… This website is provided “as is” without any representations or warranties, express or implied. We regret to report that Nine Entertainment Holdings shareholders are down 20% for the year (even including dividends) . Schedule 13G indicates a passive investment of over 5%. The decision of Nine Entertainment’s major shareholders to stay for the long haul has investors cheering, though they now have the problem of getting access to a smaller pool of stock. Currently, Nine's assets include the Nine Network, Nine Radio, major newspaper mastheads such as The Sydney Morning Herald, The Age and The Australian Financial Review, digital properties such as nine.com.au, 9Honey, Pedestrian.TV, subscription video platform Stan and majority investments in the Domain Group and CarAdvice. AAP’s major shareholders are News Corp and Nine Entertainment, with Seven West Media holding a smaller stake. The transaction is due to be completed by 31 May and marks the return of Stuff into New Zealand ownership. Red rows indicate closed positions. If you require advice in relation to any financial matter you should consult an appropriate professional. Nine Entertainment relocated from Willoughby where it had been based for 64 years to North Sydney in November 2020. Source:Supplied. Nine Entertainment Co ’s two major shareholders will likely own about 35 per cent of the media company between them after it is listed, while new shareholders will control a similar amount of stock. Nine Entertainment was created as PBL Media to be the holding company for PBL's media assets. Research shows that companies targeted by activist hedge funds tend to outperform the market. As a result of the merger, Nine shareholders own 51.1 percent of the combined entity and Fairfax shareholders own 48.9 percent. Nine Entertainment Co Holdings Ltd (AU:NEC) has 62 institutional owners and shareholders that have Fintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. The price of the newswire, which was considered loss-making by major shareholders Nine Entertainment Co (owner of this masthead) and News Corp, is estimated in the low millions. In November 2015, Hugh Marks was appointed CEO. [9] Packer later sold his media interests.[10]. Nine is also the owner of Stuff and various Australian newspapers including The Age and The Sydney Morning Herald. The big shareholder groups in Nine Entertainment Co. Holdings Limited (ASX:NEC) have power over the company. Nine Entertainment Co. Holdings Limited (trading as Nine Entertainment Co.) is an Australian publicly-listed media company with holdings in radio and television broadcasting, newspaper publications and digital media. World ex U.S. [23] After the merger between Nine Entertainment Co and Fairfax Media in December 2018 WIN Corporation's stake was diluted to 7.76%, but later increased to 15.24% in January 2018. Guardian Australia is an AAP customer. Nine is the owner of The Sydney Morning Herald and The Age. In March 2021, Nine Entertainment announced the appointment of Mike Sneesby as Chief Executive Officer, effective 1 April 2021, following Hugh Marks resignation.
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