Nine Entertainment Co.

From Wikipedia, the free encyclopedia
  (Redirected from Nine Entertainment Co)
Jump to: navigation, search
Nine Entertainment Co. Holdings Limited
Type Public
Traded as ASXNEC
Industry Media
Founded October 2006
Headquarters Sydney, Australia
Key people David Haslingden Chairman
Products Television, Digital, Events
Revenue Increase $ 406 Million (FY 2010)[1]
Operating income Increase $ 92.5 Million (FY 2010)[1]
Total assets Increase $ 675 Million (FY 2010)[1]
Website nineentertainment.com.au

Nine Entertainment Co. Holdings Limited (previously PBL Media) is an Australian publicly listed media company. Originally a 50/50 joint venture with Consolidated Media Holdings, in June 2007 PBL announced that it would sell a further 25% to CVC for A$515 million.[2] In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately A$526 million.[3]

On 27 October 2008, James Packer and Consolidated Media Holdings representatives quit the board of PBL Media, effectively ending financial backing and future associations with the company.

On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Asia Pacific, had refinanced debt facilities as well as injecting in excess of A$300 million. 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%.

Under a recent split of PBL into two companies, PBL Media formerly held by PBL is now held by Consolidated Media Holdings.[4]

From 2 December 2010, PBL Media rebranded as Nine Entertainment Company[5] In December 2011 former McDonald’s Australia chief executive Peter Bush was appointed chairman following the resignation of Tim Parker.[6]

In February 2013 David Haslingden who was previously President and Chief Operating Officer of Fox Networks Group was appointed to the Board as an Independent Non-Executive Director and Chairman [7]

Assets[edit]

  • Television
    • Nine Network, 100%, an Australian free-to-air television network.
      • TCN Sydney, 100%, a metropolitan television station based in Sydney, Australia.
      • GTV Melbourne, 100%, a metropolitan television station based in Melbourne, Australia.
      • QTQ Brisbane, 100%, a metropolitan television station based in Brisbane, Australia.
      • NWS Adelaide, 100%, a metropolitan television station based in Adelaide, Australia.
      • STW Perth, 100%, a metropolitan television station based in Perth, Australia.
      • NTD Darwin, 100%, a regional television station based in Darwin, Australia.
    • GO!, 100%, a youth-dedicated Australian free-to-air digital multichannel.
    • GEM, 100%, an HD Entertainment-dedicated Australian free-to-air digital multichannel.
    • NBN Television, 100%, a regional television station based in Newcastle, Australia.
    • DTD, 50%, a digital television station based in Darwin, Australia, joint-venture with Southern Cross Media Group.
  • Events
    • Ticketek, 100%, an event ticketing business operating in Australia, New Zealand and Argentina.
    • Allphones Arena, 100%, an entertainment and sporting complex located in Sydney, Australia.

Former Assets[edit]

History[edit]

PBL Media was established in October 2006, when Publishing and Broadcasting Limited transferred its media interests, including the Australian Consolidated Press, Nine Network, and ninemsn, to the new business - a joint venture between PBL and CVC Asia Pacific. The recapitalisation was announced on 18 October 2006.

John Alexander, Chief Executive Officer of PBL, was announced as the Executive Chairman of PBL Media, along with Ian Law as CEO and Pat O'Sullivan as Chief Financial Officer. The company's current directors are Ian Law, Chris Anderson, Martin Dalgleish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs.

James Packer and John Alexander quit the PBL Media board in December 2007.

References[edit]

  1. ^ a b c "Nine Entertainment reports $92.5 million net profit". The Spy Report/Media Spy. 12 December 2010. p. 1. Retrieved 2010-12-12. 
  2. ^ PBL Press Release (1 June 2007)
  3. ^ PBL Press Release (5 September 2007)
  4. ^ PBL Press Release (8 May 2007)
  5. ^ Gyngell, David (2 December 2010). "Thursday, 02 December 2010 Press Release - Nine Entertainment Co" (PDF). Company Announcements & Media Releases. Sydney, NSW, Australia: Nine Entertainment Company. Retrieved 25 December 2011. "From today Nine Entertainment Company is our group's new title, new brand and new future. It will embrace Nine Television, Nine Magazines (through ACP), Nine Digital (through ninemsn, Carsales, Cudo and Sky News), and Nine Events (through Ticketek and Acer Arena) and thus draw together under one new banner all the outstanding people and vast assets of this great company." 
  6. ^ AFR – Former McDonald’s CEO Bush to chair Nine. Retrieved 26 September 2012.
  7. ^ The Australian – Former Fox boss to chair new Nine. Retrieved 18 February 2014.
  8. ^ F0cusAU, F0cusAU (16 January 2014). "About Mi9". Retrieved 16 January 2014. 
  9. ^ F0cusAU, F0cusAU (1 July 2013). "Mi9 latest to exit group buying, selling Cudo to owner of deals.com.au". mUmBRELLA. Retrieved 16 January 2014. 
  10. ^ Zappone, Chris (26 May 2011). "Click on down, let's make a deal". The Sydney Morning Herald. Retrieved 7 June 2011. 

External links[edit]