Nine Entertainment Co.
Nine Entertainment Company Holdings Ltd. is an Australian publicly listed media company. Originally a 50/50 joint venture with Consolidated Media Holdings, in June two thousand seven PBL announced that it would sell a further 25% to CVC Capital Playmates for A$515 million. [Two] In September 2007, it was announced that the transaction was to go ahead at the enlargened purchase price of approximately A$526 million. [Three]
On twenty seven October 2008, James Packer and Consolidated Media Holdings representatives abandon the board of PBL Media, effectively ending financial backing and future associations with the company.
On sixteen December 2008, PBL Media issued a press release stating that the company’s majority shareholder, CVC Capital Fucking partners, 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 split of PBL into two companies, PBL Media formerly held by PBL is now held by Consolidated Media Holdings. [Four]
From two December 2010, PBL Media rebranded as Nine Entertainment Company [Five] In December two thousand eleven former McDonald’s Australia chief executive Peter Thicket was appointed chairman following the resignation of Tim Parker. [6]
In February two thousand thirteen 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]
December two thousand thirteen Nine Entertainment listed on the ASX as NEC. Vendors included Apollo Global Management, Oaktree Capital and Goldman Sachs who took over from CVC in a refinancing deal in Oct 2012.
In 2014, Nine Entertainment Co founded online streaming company Stan with Fairfax Media, investing AU$50 million into the joint venture.
On sixteen April two thousand fifteen Nine Entertainment Co announced the sale of its Nine Live business to Affinity Equity Playmates for $640 million to reduce debt and fund an ongoing capital management program. [8]
In October two thousand fifteen WIN Corporation purchased a 14% stake in Nine Entertainment Co. from investment fund operator Apollo. [9]
In March 2016, Nine Entertainment Co purchased a 9.9% stake in Southern Cross Media Group from the Macquarie Group. [Ten]
On twenty nine April 2016, Nine Entertainment Co. ended a twenty seven year affiliation agreement with WIN Corporation, instead partnering with Southern Cross Austereo in parts of regional Queensland, Fresh South Wales and Victoria, after securing a 50% revenue sharing deal with Southern Cross, which is higher than its existing 39% deal with WIN. [11] [12]
Television Edit
- Nine Network is an Australian commercial free-to-air television primary channel.
- TCNSydney
- GTVMelbourne
- QTQBrisbane
- NWSAdelaide
- STWPerth
- NTDDarwin
- NBN Northern Fresh South Wales
Digital Media Edit
- 9news.com.au, an Australian-based free-to-air news website.
- CarAdvice.com, automotive reviews and news. [14]
- Mi9 operates most of Nine’s websites including nine.com.au.
- My Home (48.75%) an online real estate business (joint venture with Shane Dale and My Home Group).
- Stan (50%) an Australian online streaming service (joint venture with Fairfax Media).
Media companies Edit
- Southern Cross Media Group (9.9%) a radio and regional television media company.
- ACP Magazines was a magazine publisher operating in Australia, Fresh Zealand, Asia and the United Kingdom. Sold to Bauer Media in 2012.
- Cudo was a group buying site launched as a joint venture with Microsoft. [15] Sold to Deals.com.au in 2013. [16]
- Ticketek an event ticketing company operating in Australia and Fresh Zealand. Sold to Affinity Equity Playmates in 2015.
- Sydney Super Dome an entertainment and sporting elaborate located in Sydney, Australia. Sold to Affinity Equity Playmates in 2015.
- Sky News Australia (33%) is an Australian 24-hour cable news channel (joint venture with BSkyB and Seven West Media). Sold to News Corp Australia in December 2016. [17]
The company was a successor of the long-established Australian media group Publishing and Broadcasting Ltd (PBL), created by Master Frank Packer, whose Channel nine was Australia’s very first TV network. The TV and magazines group was substantially expanded by his son Kerry Packer, but after Kerry Packer’s death in 2005, his son James sold his media interests. [Legitimate] 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 fresh business – a joint venture inbetween PBL and CVC Asia Pacific. [Nineteen] The recapitalisation was announced on eighteen October 2006. [20] 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 Alexander abandon the PBL Media board in 2008. [21]
In November 2015, Hugh Marks was appointed CEO. He substituted David Gyngell, who remains on the board. [22] In February 2016, Peter Costello was appointed chairman. [23]
Nine Entertainment Co
Nine Entertainment Co.
Nine Entertainment Company Holdings Ltd. is an Australian publicly listed media company. Originally a 50/50 joint venture with Consolidated Media Holdings, in June two thousand seven PBL announced that it would sell a further 25% to CVC Capital Playmates for A$515 million. [Two] In September 2007, it was announced that the transaction was to go ahead at the enhanced purchase price of approximately A$526 million. [Three]
On twenty seven October 2008, James Packer and Consolidated Media Holdings representatives abandon the board of PBL Media, effectively ending financial backing and future associations with the company.
On sixteen December 2008, PBL Media issued a press release stating that the company’s majority shareholder, CVC Capital Playmates, 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 split of PBL into two companies, PBL Media formerly held by PBL is now held by Consolidated Media Holdings. [Four]
From two December 2010, PBL Media rebranded as Nine Entertainment Company [Five] In December two thousand eleven former McDonald’s Australia chief executive Peter Pubic hair was appointed chairman following the resignation of Tim Parker. [6]
In February two thousand thirteen 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]
December two thousand thirteen Nine Entertainment listed on the ASX as NEC. Vendors included Apollo Global Management, Oaktree Capital and Goldman Sachs who took over from CVC in a refinancing deal in Oct 2012.
In 2014, Nine Entertainment Co founded online streaming company Stan with Fairfax Media, investing AU$50 million into the joint venture.
On sixteen April two thousand fifteen Nine Entertainment Co announced the sale of its Nine Live business to Affinity Equity Playmates for $640 million to reduce debt and fund an ongoing capital management program. [8]
In October two thousand fifteen WIN Corporation purchased a 14% stake in Nine Entertainment Co. from investment fund operator Apollo. [9]
In March 2016, Nine Entertainment Co purchased a 9.9% stake in Southern Cross Media Group from the Macquarie Group. [Ten]
On twenty nine April 2016, Nine Entertainment Co. ended a twenty seven year affiliation agreement with WIN Corporation, instead partnering with Southern Cross Austereo in parts of regional Queensland, Fresh South Wales and Victoria, after securing a 50% revenue sharing deal with Southern Cross, which is higher than its existing 39% deal with WIN. [11] [12]
Television Edit
- Nine Network is an Australian commercial free-to-air television primary channel.
- TCNSydney
- GTVMelbourne
- QTQBrisbane
- NWSAdelaide
- STWPerth
- NTDDarwin
- NBN Northern Fresh South Wales
Digital Media Edit
- 9news.com.au, an Australian-based free-to-air news website.
- CarAdvice.com, automotive reviews and news. [14]
- Mi9 operates most of Nine’s websites including nine.com.au.
- My Home (48.75%) an online real estate business (joint venture with Shane Dale and My Home Group).
- Stan (50%) an Australian online streaming service (joint venture with Fairfax Media).
Media companies Edit
- Southern Cross Media Group (9.9%) a radio and regional television media company.
- ACP Magazines was a magazine publisher operating in Australia, Fresh Zealand, Asia and the United Kingdom. Sold to Bauer Media in 2012.
- Cudo was a group buying site launched as a joint venture with Microsoft. [15] Sold to Deals.com.au in 2013. [16]
- Ticketek an event ticketing company operating in Australia and Fresh Zealand. Sold to Affinity Equity Playmates in 2015.
- Sydney Super Dome an entertainment and sporting sophisticated located in Sydney, Australia. Sold to Affinity Equity Playmates in 2015.
- Sky News Australia (33%) is an Australian 24-hour cable news channel (joint venture with BSkyB and Seven West Media). Sold to News Corp Australia in December 2016. [17]
The company was a successor of the long-established Australian media group Publishing and Broadcasting Ltd (PBL), created by Master Frank Packer, whose Channel nine was Australia’s very first TV network. The TV and magazines group was substantially expanded by his son Kerry Packer, but after Kerry Packer’s death in 2005, his son James sold his media interests. [Legal] 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 fresh business – a joint venture inbetween PBL and CVC Asia Pacific. [Nineteen] The recapitalisation was announced on eighteen October 2006. [20] 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 Alexander abandon the PBL Media board in 2008. [21]
In November 2015, Hugh Marks was appointed CEO. He substituted David Gyngell, who remains on the board. [22] In February 2016, Peter Costello was appointed chairman. [23]