Rupert Murdoch's News Limited will double its stake in Foxtel within a fortnight after Consolidated Media shareholders approved a $1.94 billion takeover deal today.
Telstra chief executive David Thodey says strategic decisions the company makes in the next two years will determine its future in a dramatically changed telecommunications market.
Billionaire businessman James Packer has dismissed ongoing speculation he could buy back into the Nine Network, which recently escaped going into administration.
Mining billionaire Gina Rinehart has struck a blow against the Fairfax Media board, voting against the company's executive pay report after a torrid annual general meeting.
Shares in Fairfax Media have gained as much as nine per cent after its executives reassured shareholders a strategic review would help the troubled media company ride out tough trading conditions.
Fairfax Media chief executive Greg Hywood says the embattled media group has investigated a breakup of its assets and found the numbers didn't stack up.
Ten Network is in danger of having to conduct its second capital raising in less than six months, after the $145 million sale of its outdoor advertising business hit a hurdle.
The Nine Network has reportedly staved off administration, with lenders agreeing on a debt-for-equity deal where two US hedge funds and investment bank Goldman Sachs will take a stake in the broadc
A push to end Rupert Murdoch's dual role as chairman and chief executive of News Corp is gaining momentum ahead of the media mogul's annual showdown with investors.
News Ltd's takeover of pay television group Consolidated Media is set to go ahead after the competition regulator ruled out a potential rival bid by Seven Group.
Nine Entertainment's prospects of avoiding receivership have received a boost after a group of debt holders led by Goldman Sachs agreed to a debt restructuring proposal.
Quickflix has signed a deal with international electronics giant Samsung to make its pay-per-view video streaming service available on Samsung televisions and blu-ray players.
A media analyst and commentator is standing for election to the board of Fairfax Media in an effort to help it improve its flagging financial performance.
Consolidated Media Holdings shareholders will get to vote on a $1.94 billion takeover bid by Rupert Murdoch's News Limited at a special meeting in October.
Outspoken entrepreneur Dick Smith has taken another swipe at media mogul Rupert Murdoch, urging him to hold a major public interview while he is in the country about his "vision for Australia".
Billionaire businessmen Kerry Stokes and James Packer believe Australia has to show China a little more love and respect if it wants to deepen its trade relationship.
The competition watchdog has delayed making a decision on the potential acquisition of pay TV investor Consolidated Media Holdings by Kerry Stokes' Seven Group amid concerns about TV sports rights.
Online streaming entertainment provider Quickflix has secured new pay-per-view content deals with Walt Disney, Warner Brothers Entertainment and a host of independent studios, including cult film s
Shares in Seven Group Holdings have risen five per cent after the media and earthmoving-machinery company said strong activity in the resources sector was likely to continue.
Fairfax Media shares have plunged to record lows after the company's biggest shareholder, mining magnate Gina Rinehart, tried to sell a chunk of her shares.
Quickflix shares have jumped after it announced it had kicked off formal negotiations with potential strategic investors interested in helping the Perth-based entertainment company expand its prese
Seven West Media has reported a large rise in its reported profit but pro forma accounts that adjust for last year’s merger of West Australian Newspapers and Seven Media Group show a downturn in th
