If the Murdoch family wanted to leap ahead of this scandal, it is now at risk of falling behind.

Even Arianna Huffington thought establishing a personal media empire would be enough work for her lifetime. 

Telstra's chief executive has launched a massive $3 billion spending program to 'match our level of aspiration'. 

American studios will produce a record number of shows in 2017, as streaming services Netflix, Amazon and Hulu propel a swell in production.

For one split second, Michael Phelps' dream of a 21st gold medal turned into a nightmare for his swimwear maker, Aqua Sphere.

TV producer cum 'international singer' Charles Dupois was sure his hits 'It's a Sexual Thing' and 'Girls, Girls, Girls' would sell 18,000,000 copies and reap him millions in royalties.

Cut-price mobile provider Vaya is selling new mobile phone plans that are so cheap they could tempt people away from the major telcos.

Fairfax Media's digital and non-print businesses are on track to bring in well over half of company earnings this year.

Weak advertising demand has again weighed on Fairfax Media's results, which have been propped up by the growth of its real estate business Domain Group.

REA Group has warned the federal election will affect revenues in the first half of the current financial year after reporting a 16 per cent rise in full-year net profit to $215 million.

News Corporation has reported full-year revenues of $US8.3 billion, down from $US8.5 billion.

News Corp expects its real estate businesses to be the biggest driver of earnings as the giant media group returns to profit

• COMMENT

Australian athletes may be amassing a tally of medal-winning performances but the Seven Network is no shoo-in for financial gold.

Sports fans have slammed Channel Seven over its "woeful" Rio Olympics digital streaming services, which were beset with technical glitches over the opening weekend.

Radio station owner Macquarie Media will focus on boosting revenue after delivering a full-year net profit of $13.3 million.

Facebook is going after news outlets with 'clickbait' headlines as it aims to keep luring back its 1.7 billion members.

The competition watchdog will run a fine tooth comb through Australia's communications market to ensure there is enough competition to allow new entrants and to encourage investment.

A poorer-than-expected performance of two big blockbuster films weighed on 21st Century Fox's full-year earnings.

• COMMENT

The importance of the ABC and our commercial media to regional Australia should never be underestimated.

The competition watchdog is concerned baby boomers and the elderly will lose a major source of local news if Kerry Stokes' Seven West Media is allowed to acquire News Corp's Sunday paper.

Twenty-First Century Fox reported a slightly better than expected quarterly profit, helped by higher ad revenue in its cable division

WIN TV has been the biggest loser in the ratings since changing channels to Ten in July.

Seven West Media has warned group earnings are expected to fall as much as 20 per cent in the coming year amid a flat advertising market.

• COMMENT

The ACCC's probe into broadband advertising should be welcomed, not because telcos are trying to defraud people but because people need to understand what the NBN is, and what it is not.

Fairfax Media will create a separate reporting segment for the highly profitable Domain Group, and has written down the value of its news assets by nearly $1 billion. 

The Australian Olympic Committee's legal action against the telco and its 'Go to Rio' Olympic-themed ads has been dismissed.

For most of its life, the online retailer was happy to be in the red. Now it can't avoid showing big profits anymore.

Channel Ten has increased its share of advertising revenue on commercial television to 25.2 per cent - the best figure in four years.

Google's parent company's results show it's successfully moving advertisers from desktop to mobile.