Labor dominated Facebook and Instagram feeds across WA last week, trumping the Liberal Party's social media advertising outlay in the state by a nearly two-to-one margin.
Facebook has struck content deals with Australia's two largest media companies, News Corp and Nine Entertainment, following the recent introduction of bargaining laws.
Facebook is expected to follow Google in striking lucrative lump sum deals with Australian media companies to avoid being stung under world-first laws.
Telstra will take a $300 million impairment charge on its 35 per cent stake in Foxtel after the majority owner of the pay TV network, News Corp, wrote down its value.
News Corporation and Telstra have struck a deal that will see Foxtel and Fox Sports will merge into a single company by the end of June, with current Foxtel chief executive Patrick Delaney at its head.
Tech firm Servtech Global Holdings has announced the resignation of chief executive Brett Quinn, while appointing company secretary Derek Hall as a non-executive director and Simon Ingleson as general manager.
A decline in print advertising and foreign exchange fluctuations have contributed to a 2 per cent decline in media giant News Corp's full-year revenue.
The competition watchdog is examining whether a Lachlan Murdoch-Bruce Gordon takeover of Ten Network Holdings will impact the television programming, sports broadcasting and advertising industries.
Netflix rival Presto will close at the end of January after Seven West Media agreed to sell its 50 per cent stake in the streaming service to co-owner Foxtel.
Today's news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation's The Sunday Times newspaper should come as no surprise – consumers have been losing interest in both for some time.
Seven West Media can push ahead with its acquisition of News Corp's The Sunday Times and perthnow.com.au after the competition watchdog declared it won't hurt competition for consumers or advertisers.
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
News Corporation's full-year earnings have dropped about 28 per cent as growth in its real estate classifieds businesses fails to offset declines in news and book publishing.
Premier Colin Barnett has voiced his opposition to The West Australian's proposed purchase of The Sunday Times as the competition watchdog raised concerns of its own.
Fairfax Media will record almost $1 billion of impairments when it reports its full-year results next week, with half the hit coming from the unit containing its Australian masthead newspapers.
The West Australian newspaper has announced staff cuts as parent group Seven West Media progresses its plans to buy The Sunday Times newspaper and Perth Now website from News Corporation.
Seven West Media has this morning confirmed plans to buy Perth's The Sunday Times newspaper and the Perth Now website from Rupert Murdoch's News Corporation.
The prospects of a Perth consumer newspaper monopoly are firming, with the Australian Competition and Consumer Commission preparing to review a tie-up between The West Australian and The Sunday Times.
The success of the demerger process at two Australian businesses – News Corp and Brambles – has led to calls for more of them, with fingers again being pointed at Wesfarmers.
