Nine Entertainment has posted a turnaround in earnings, swinging to a $184 million annual profit after lifting advertising revenues across its major businesses.
Self-made billionaire Kerry Stokes is retiring from the board of ASX-listed Seven Group Holdings, but the 80 year old will retain a well-paid consultancy role.
Seven West executives have forecast full-year earnings that exceed analysts' estimates and say the momentum will continue with its Olympics and Ashes coverage.
Facebook hopes to sign more deals with Australian news organisations for content as the social media giant prepares to introduce a separate feed by year's end.
Facebook has struck content deals with Australia's two largest media companies, News Corp and Nine Entertainment, following the recent introduction of bargaining laws.
Cricket Australia could provide up to an $8.3 million discount to broadcaster Seven West Media, in light of the financial impact from changes to the current season.
Nine boss Hugh Marks said the media company has resumed talks with Facebook, and is continuing talks with Google, for the digital giants to pay for its news stories.
Facebook is expected to follow Google in striking lucrative lump sum deals with Australian media companies to avoid being stung under world-first laws.
Australia's media code will be tweaked to make it clear tech giants are expected to pay news organisations a lump sump rather than for every time an internet user clicks on a link.
Seven West Media has today become the largest Australian news organisation to strike a content sharing agreement with Google, while also announcing a profit recovery.
Google has launched a fresh bid to tackle a federal government move to make it pay for news content, offering a $1.3 billion program to support journalism.
ASX-listed marketing company IVE Group has acquired Australian Community Media’s printing operations in Mandurah and signed a contract to print and distribute the company’s newspapers.