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NINE ENTERTAINMENT CO HOLDINGS LIMITED

Company Overview

Nine Entertainment Co. Holdings Limited engages in television broadcasting and program production businesses in Australia.

The company is involved in creation and distribution of content; and digital, internet, subscription television, other media sectors, and free to air television activities. It also sells advertising products; and provides advertising solutions.

The company offers its services under the Nine Network Television brand name that includes Channel 9 and 9HD, as well as 9Go!, 9Gem, 9Life, and 9NOW. It also provides its services under Nine digital brand that comprises nine.com.au network, an online source of news, sport, entertainment, and lifestyle content; and 9Honey for women.

Nine Entertainment Co. Holdings Limited was founded in 1956 and is based in Willoughby, Australia.

The business merged with Fairfax Media in 2018.

 

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Australia's biggest newspapers ran front pages on Monday made up to appear heavily redacted, in a protest against legislation that restricts press freedoms, a rare show of unity by the usually partisan media industry. Australia has no constitutional safeguards for free speech, although the government added a provision to protect whistleblowers when it strengthened counter-espionage laws in 2018.

Australia's biggest newspapers were expected to run front pages on Monday made up to appear heavily redacted to protest against recent legislation that restricts press freedoms, a rare show of unity by the usually tribal media industry. Mastheads from the domestic unit of Rupert Murdoch's News Corp, Australian Financial Review publisher Nine Entertainment and the website of the government-funded Australian Broadcasting Corp. (ABC) were expected to show current news stories with most of the words blacked out. The protest was designed to put public pressure on the government to exempt journalists from laws restricting access to sensitive information, enact a properly functioning freedom of information system, and raise the benchmark for defamation lawsuits.

Full Year 2019 Nine Entertainment Co Holdings Ltd Earnings Call

The deal makes Nine Entertainment Australia's first media company with outright ownership in free-to-air television, print and radio assets since the government relaxed ownership rules in 2017. Nine said it unit Fairfax Media would make an all-cash offer of A$1.46 for each Macquarie Media share, a discount of 16.3% to Macquarie's last closing price on August 2. In a separate statement, directors of Macquarie said they recommended Nine's offer to shareholders, in the absence of a superior proposal.

Australia's national broadcaster and two biggest newspaper publishers called on the government on Wednesday to protect press freedom, declaring media laws outdated, inconsistent and used by the powerful to keep embarrassing information secret. The state-funded Australian Broadcasting Corp (ABC), News Corp's Australian arm, and broadcaster and newspaper publisher Nine Entertainment Co Holdings Ltd made the demand after a series of police raids, adverse court rulings and criminal prosecutions of journalists. The rare show of unity by Australia's usually tribal media industry underscored concern about a lack of legal protection for journalists.

Half Year 2019 Nine Entertainment Co Holdings Ltd Earnings Call

Australian prosecutors are seeking jail and fines for dozens of journalists and media outlets for alleged contempt of court over their coverage of Cardinal George Pell's child sex abuse trial last year, a court summons showed on Tuesday. The Director of Public Prosecutions in Victoria has asked the state's Supreme Court to send journalists to jail or impose fines for breaching a suppression order on coverage of the trial, aiding and abetting overseas media's contempt of court, and "scandalising the court".

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