Australian and Hollywood film studios and pay TV provider Foxtel have dealt a blow to internet piracy after the Federal Court ordered a raft of pirate websites be blocked in the country.

Telstra is prepared to sell down its stake in a combined Foxtel-FoxSports to facilitate a float of the new business in the coming years, chief executive Andy Penn says.

Without the free publicity from the US president, the social media company could lose almost a fifth of its value, an analyst report has found.

As movie theatres struggle with tepid sales, Mitch Lowe has an extreme proposal for how to get more people into seats: Let them come to all the sessions they want - for about the price of a single ticket each month.

News Corp and Telstra are planning to list Foxtel on the stock market and to prepare that move have announced they will merge the subscription television service they jointly own - Foxtel - with News' sports network Fox Sports. 

• COMMENT

For the 1 million or so Australians who own Telstra shares, as well as its many customers, its new focus on financial engineering should be a wake-up call.

• UPDATED

Seven West Media reported a $745 million loss for the full year due to a $989 million impairment.

Management revealed new details of the Domain demerger as it delivered a $97 million net profit for the full year on Wednesday.

Online job-search company Seek has lifted revenue and underlying profit as long-term investments in its Australian and New Zealand arm begin to show promise, but its profit disappointed.

• COMMENT

There is good reason some of the smartest investors on Wall Street are betting on Netflix's decline. But they're missing one key factor.

Pauline Hanson's One Nation party has given the government's media reforms "conditional support" in exchange for a $12 million boost to community radio funding and changes to the ABC.

If you are only paying $30 a month for the NBN, don't expect a super fast experience, especially at peak hours, when you are most likely to actually want to use the internet. 

• EXCLUSIVE

Ten's directors knew for at least four weeks before the company's collapse that James Packer was not going to guarantee a new loan, but failed to pass this information on to shareholders.

Digital billboards and new acquisitions have helped push oOh!media's half-year net profit up 18 per cent to $7.1 million, proving predictions that outdoor advertising will grow while print, television, and radio stagnate.

Australians are overwhelmingly unwilling to pay for online news, yet are getting more concerned about the quality of what they read online, according to the latest media habits report by Deloitte.

Rupert Murdoch's News Corp has signalled it could again swing the axe at its Australian newspapers.

Optus has reported a slight fall in first-quarter net profit after network investments and better content delivered 85,000 new 4G mobile customers.

Weakness in Asian property markets has blown in hole in REA Group's full-year profit, even as the property listing business posted strong growth in its core Australian operations.

• COMMENT

One of Mark Zuckerberg's top lieutenants was in Sydney this week to launch a charm offensive on local media executives amid a global backlash against Facebook and Google.

A rogue blogger who named two women accused of having affairs with Network Seven boss Tim Worner has been jailed for four months for contempt of court, after a judge found his conduct "borders on obsession".

Australia's largest online car sales business says it is prepared for significant changes in the way people buy and use vehicles.

The world's biggest entertainment company will stop supplying new Disney- and Pixar-brand movies to Netflix in the US starting in 2019 and launch an online product of its own, going directly to consumers with films like "Toy Story" and "The Lion King." It's Hollywood's biggest move yet against Netflix.

The Greens could deal One Nation out of the media reform space, with the party tentatively returning to the negotiating table.

Shares in potential merger targets have rallied just days before the Senate considers lifting Australia's 30-year-old media ownership restrictions.

Administrators of collapsed education company Acquire Learning have sold it's single biggest asset - online job search site CareerOne - to a media group. 

Betting agency CrownBet may have accidentally breached the AFL's $2.5 billion broadcast rights deal because footy fans have been using its app to stream matches live to their televisions for free.

Netflix has whipped out the credit card to spend close to an additional billion dollars extra on content and its global expansion.

• ANALYSIS

When United reported earnings this month, investors feared they might go off a cliff after the global uproar it had caused forcefully dragging a passenger off a plane. Not so. The case will be studied in business school for years.

Facebook churned out faster-than-expected quarterly sales growth from its main social network.