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On Monday (19 November), shareholders of Australia’s 177-year-old Fairfax Media are expected to approve its A$4bn ‘merger’ with the Nine Entertainment Company (NEC). What is really an all-share acquisition will bring together the Channel Nine TV network and the country’s most famous newspapers – the Sydney Morning Herald, Melbourne’s The Age, and the Australian Financial…
Naspers, of South Africa, is preparing to de-merge Africa’s largest TV group MultiChoice whose DStv was a pioneering digital satellite broadcaster when it launched in 1995. With its Showmax streaming service, MultiChoice provides some 14m subscribers (half in South Africa) with original content and international programmes, including English Premier League football, Formula One, and Game…
Quick read. UK listed B2B company Centaur Media confirmed it is appointing advisers to explore potential asset sales, as part of a downbeat trading update for shareholders. The company, which made operating profit of £6.6m on revenue of £72.6m in 2017, is best known for its marketing-media information services, events and publications including Marketing Week, eConsultancy,…
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Highlights from Flashes & Flames
Everybody is watching Time Inc. The world’s most famous magazine publisher, which created the original newsweekly in 1923, is defined by iconic brands – Fortune, Life, Sports Illustrated, People, Entertainment Weekly, Money, InStyle, and Time itself. Throughout the twentieth century, it set the pace for magazine, newspaper and even TV journalism all over the world….
Daily newspapers will one day provide the most intriguing episodes in the story of how traditional media was tortured and tamed by the digital new wave. In the week when I learned that the six-year-old Twitter is generating fast-growing profits of more than $100m on turnover of perhaps $350m, Britain’s The Guardian (a UK web…