Marketing agency Appco Group is suing Seven Network for malicious falsehood over an expose alleging the fundraising organisation retains more than a fair share of money it collects on behalf of charities, according to documents filed with the Federal Court.
Media billionaires Lachlan Murdoch and Bruce Gordon face stiff competition and a race against time in their bid to take over the besieged Ten Network, Fusion Media's Steve Allen says..
Two of Ten Network Holdings' billionaire backers, Lachlan Murdoch and Bruce Gordon, have lodged a proposal to jointly bid for the troubled broadcaster with the competition regulator.
Fairfax Media will continue with its plans to float and keep a majority stake in online real estate business Domain, after two unsolicited bids from US private equity firms melted away over the weekend.
What did the private equity groups see that sent them heading for the hills?
PPB Advisory will start spruiking Network Ten to potential buyers on behalf of the Commonwealth Bank of Australia after the lender officially appointed the firm as receivers on Saturday morning.
Fairfax Media will remain in shareholders' hands after private equity firm TPG informed the board on Sunday afternoon it was withdrawing its $2.76 billion offer to buy out the company.
TPG's proposed mobile network is only a "benign" threat to Telstra, but will introduce competitive pressures that may force the incumbent to increase spending to retain its core mobile customer base, a UBS analyst note has warned.
Likes, shares, comments and friend requests are becoming the closest thing humanity has to a universal tongue.
There was a flurry of corporate activity in the media sector on Friday afternoon with Hellman & Friedman submitting a letter to Fairfax Media's board just before deadline regarding its $2.8 billion bid for the company.
British regulators have serious concerns about Rupert Murdoch and his sons, Lachlan and James, gaining too much influence over public opinion and politicians if they are allowed to buy 100 per cent of UK subscription broadcaster BSkyB.
Receivers are set to be appointed to Network Ten, which has been in administration for two weeks.
"Any time the cat does something, people are amazed."
A market rally for commercial television and radio stocks continues on Thursday following the government's decision to grant broadcasters an end-of-financial-year present of licence fee cuts.
A government-induced housing market slowdown in Malaysia and Hong Kong has forced REA Group to announce a $180 million impairment in the value of its Asian business.
Fairfax Media's Domain is entering the mortgage broking business in a joint venture with online broker Lendi.
Shares in Australia's free-to-air TV and radio networks have jumped after the federal government regulated a cut in broadcasting licence fees in a bid to ease pressure from foreign tech companies and online streaming services.
REA Group has spent $67 million buying an 80 per cent stake in mortgage broking franchise Smartline, with plans to launch a new home loan business later this year.
Lachlan Murdoch, Bruce Gordon, and James Packer are also likely to help with Ten's future capital needs.
The watchdog should examine whether Lachlan Murdoch and Bruce Gordon exerted control over Network Ten, in breach of current laws, according to experts in media regulation.
The smallest players may not have to pay the NBN Regional Broadband Scheme levy at all until mid-2023.
It appears media players are attempting to make a pre-emptive strike and pick off some of Fairfax Media's non-core assets in the weeks before the main game of selling the whole company moves into full swing.
Korda Mentha held 50 meetings with Network Ten's management, directors, advisers and shareholder guarantors in recent months in a bid to help the broadcaster stay on its feet, according to a letter sent to employees on Thursday.
The fallout from Ten Network's plunge into administration is starting to spread to other parts of the sector.
​Fox News is "Fair and Balanced" no more.
As Network Ten called in the administrators, some of the network's stars and other television presenters have taken to social media to express their dismay and assure fans the show will go on.
Ten Network Holdings isn't dead yet, but it's on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.
Network Ten's fate was sealed by media moguls Lachlan Murdoch and Bruce Gordon, according to an agreement reached the Friday before Ten was placed into voluntary administration.
Conspiracy theorists could be forgiven for wondering why only six weeks ago Ten's management seemed pretty comfortable they had the continued support of its billionaire backers. It certainly appears that at least two of these billionaires had a change of heart.
Channel Ten has gone into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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