Losses on expanding its outdoor advertising business in the US have pushed down the Ten Network’s 2007 profit, offsetting a recovery in earnings from its TV business, writes Glenn Dyer.
Ebitda
Coles: The $20 billion red light special
Grant Samuel’s full 187-page Independent Expert’s Report on Coles Group was finally released on Monday. The Report notes that while Wesfarmers’ offer “does not deliver a full premium for control” shareholders are better off voting in favour of the deal.
Media briefs and TV ratings
Geared up media sector is “fully priced” … More fines handed out for UK competition rorts … Last night’s TV ratings.
Foxtel to run for cash as Hoyts proves a dud
The three shareholders in Foxtel, (Telstra, News and PBL), have decided to start running the urban Pay TV monopoly for cash after the attempt to merge with regional rival, Austar failed.
PBL’s net profit loss is Seven’s gain
James Packer’s PBL says 2007 net profit fell 5.7% because of the impact of the spin off and sale of its media assets and losses from its Macau casino start-up.
Michael Cooney: and where, and how, to invest it
How should we spend the surplus? The big progressive agenda is where, and how, to invest it., writes Michael Cooney, Policy Director of Per Capita.
Foxtel: now more profitable than the Nine Network
Here’s something to terrify the beancounters at PBL Media. Foxtel is now more profitable than the struggling Nine Network stations of PBL Media.
