Fairfax fined for Domain ad. Fairfax has been fined by the Federal Court over a Domain ad that overstated its size and reach. The ad ran in The Sydney Morning Herald in 2016, and claimed Domain was the “#1 property app in Australia” and that “the most property listings in Sydney are on Domain”.
The Herald published the ad a day after giving an undertaking to the court not to republish those claims as part of court action taken by News Corp’s rival real estate listings business REA. Fairfax said the breach was accidental, but the court found it had a duty to ensure it complied with the undertaking. Fairfax was found guilty of contempt and fined $15,000.
Family Feud goes into family therapy. Ten’s Family Feud is cancelled, host Grant Denyer announced on his 2DayFM breakfast program today. The game show has been running since 2014.
“There were only two things working on Channel 10 at the time (Family Feud and Have You Been Paying Attention) … We gave it a bit too much … we might’ve squeezed that lemon a little bit much,” he said.
Denyer hinted at other projects he’ll be doing with Ten, but he’s unlikely to be doing another game show. “The game show host is a tag I’ve never liked or enjoyed,” he said.
Comcast attempt to crash Disney-Fox deal. US cable, TV and film group Comcast is in talks to top the all-share US$66 billion deal between Disney and 21st Century Fox for the latter’s cable, TV production and film assets, including pay TV businesses in India and the UK, Reuters reports.
For Fox, there’s at least one major hedge fund in the share register — the aggressive TCI group from London, while San Francisco’s ValueAct has 6.7%. Jeff Ubben, ValueAct’s founder, has just left the Fox board and that departure has freed ValueAct from a standstill agreement. This will put pressure on Fox and the Murdochs to take the highest price.
Comcast, after being spurned in its initial pursuit of the Fox assets, has launched an all-cash US$31 billion offer for all of Sky Plc, topping the offer from Fox for the 69% the Murdoch-controlled company doesn’t already own. Fox is being supported by Disney in that offer.
Complicating matters for Fox and the Murdochs is that this bid will be cash (at this stage) while the Disney offer is for shares, which will see Fox shareholders emerge with 25% of Disney, and the Murdoch Family Trust with a holding of around 5%, which would be the largest single holding in the company. The question is whether the Murdochs want more cash, or want the Disney shares and continuing power at that giant. — Glenn Dyer
Glenn Dyer’s TV Ratings. Oh no, with no MKR, Seven’s weak House Rules hands the win to Nine! House Rules (HR) started in 2017 on the same night as the finale of MKR and for that reason there was a turn on and it averaged more than 1.5 million people that night. Last night, HR was on its own and the audience was 1.04 million nationally (meaning there was a turn off after Home and Away at 7pm, which averaged 1.15 million). The Voice averaged 1.36 million for Nine in the 7.30pm slot. MasterChef Australia returned and averaged 1.15 million in that same slot — which is OK, but nothing to write home about.
In regional markets, Seven News was tops with 645,000 people, then Seven News/Today Tonight with 514,000, then Home and Away with 461,000, House Rules with 430,000 and the 5.30pm bit of The Chase was with 427,000. Read the rest at the Crikey website.