Australian News Channel Pty Ltd is an Australian

privately held A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

subsidiary of

News Corp Australia News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of the American News Corp. One of Australia's largest media conglomerates, News Corp Australia employs more than 8,000 staff nationwide and approximately 3,00 ...

which owns media properties operating in Australia and

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...

. The company owns

news broadcasting News broadcasting is the medium of broadcasting various news events and other information via television, radio, or the internet in the field of broadcast journalism. The content is usually either produced locally in a radio studio or televis ...

channel

Sky News Australia Sky News Australia is an Australian news channel owned by News Corp Australia. Originally launched on 19 February 1996, it broadcasts rolling news coverage throughout the day, while its prime time lineup is dedicated to opinion-based programs f ...

, its sister channels

Sky News Extra Sky News Extra (formerly A-PAC ; Australian Public Affairs Channel) is an Australian 24-hour cable and satellite public affairs news channel owned by Foxtel. History On 8 December 2008 it was announced that an Australian public affairs chann ...

and

Sky News Weather Channel Sky News Weather Channel is an Australian satellite television channel owned by Australian News Channel, a subsidiary of News Corp Australia. Launched on 1 January 1999, the channel broadcasts weather forecasts and weather-related news and an ...

, New Zealand News Channel (which operates Sky News New Zealand) as well as international

streaming service Streaming media is multimedia that is delivered and consumed in a continuous manner from a source, with little or no intermediate storage in network elements. ''Streaming'' refers to the delivery method of content, rather than the content it ...

Australia Channel.

History

Origins

Australian News Channel Pty Ltd (ANC), was founded in 1996 when Sky News Australia was launched. It was owned by

British Sky Broadcasting Sky UK Limited is a British broadcaster and telecommunications company that provides television and broadband Internet services, fixed line and mobile telephone services to consumers and businesses in the United Kingdom. It is a subsidiary of ...

Seven Media Group Seven West Media Limited is an ASX-listed media company and is Australia's largest diversified media business, with an extensive presence in broadcast television, print and online publishing. Seven Group Holdings Ltd (SGH), a company contro ...

and

Publishing and Broadcasting Limited Publishing and Broadcasting Limited (PBL) was one of Australia's largest corporations. With interests primarily in media and gambling, for the entirety of its existence it was largely controlled by the Packer family. History Predecessors PB ...

. In 2013, ANC granted 20 million in funding to Sky News Australia to be used over three years. In 2014, ANC partnered with Globecast to launch an international streaming service Australia Channel, which broadcasts five channels to subscribers outside Australia. It was launched after ANC bid to operate the Australian Government funded

Australia Network ABC Australia, formerly Australia Television International (or just Australia Television), ABC Asia Pacific, Australia Network and Australia Plus, is an Australian pay television channel, launched in 1993 and operated by the Australian Broadca ...

contract, before the tender was controversially scrapped. Until 2015, Sky News was responsible for producing New Zealand's '' Prime News – First at 5:30'' from Sydney, hosted by Eric Young with filming taking place in Prime's Albany studios. It lost the contract to MediaWorks and subsequently ceased broadcasting a local New Zealand bulletin. With the carriage deal between Australian News Channel and dominant

subscription television Pay television, also known as subscription television, premium television or, when referring to an individual service, a premium channel, refers to subscription-based television services, usually provided by multichannel television providers, but ...

platform

Foxtel Foxtel is an Australian pay television company—operating in cable television, direct broadcast satellite television, and IPTV streaming services. It was formed in April 2018, superseding an earlier company from 1995. The service was establi ...

due to expire in 2017, reported as either February or December, media speculation increased that News Corp Australia, which co-owns Foxtel, would attempt to acquire a majority stake in the company. On 26 February 2015 it was reported that News Corp Australia launched an A$25 million bid for full ownership of Australian News Channel. In June 2015, it was reported that ANC's stakeholders had rejected a News Corp takeover offer of A$20 million, with the owners wanting a minimum of A$50 million. Following a breakdown in a News Corp buyout, further reports suggested Nine Entertainment could sell its stake to a joint arrangement between Seven West Media and News Corp.

Acquisition by News Corp

The entire company was acquired by News Corp Australia in December 2016. In December 2017, it was reported that News Corp and Telstra were in a

carriage dispute A carriage dispute is a disagreement over the right to "carry", that is, retransmit, a broadcaster's signal. Carriage disputes first occurred between broadcasters and cable companies and now include direct broadcast satellite and other multicha ...

over the price Foxtel pays to carry Sky News channels after the existing deal expired at the end of the calendar year, worth over A$30 million per year. News Corp was requesting an increase to the Sky News carriage fee, which has not been raised for more than a decade, while Foxtel co-owner Telstra was opposed. A new deal was agreed upon and transmission was not interrupted.

Assets

Sky News Business Channel Sky News Business Channel (also known as Sky News Money during primetime and Sky News Real Estate on Saturdays) was an Australian pay television business news channel, available nationally on the Foxtel subscription platform and via mobile throu ...

(2008–2018) *

* Sky News Election Channel *

* Your Money (2018–2019; with Nine Entertainment Co.) ;Domestic free-to-air * Sky News Regional ;Outside Australia * Sky News New Zealand * Australia Channel

References

External links

* {{News Corp Australia News Corp Australia Sky News Australia Companies based in Sydney Holding companies of Australia Mass media companies of Australia Holding companies established in 1996 Mass media companies established in 1996 1996 establishments in Australia