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The Info List - Nine Entertainment Co.


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NINE ENTERTAINMENT COMPANY HOLDINGS LTD. is an Australian publicly listed media company. Originally a 50/50 joint venture with Consolidated Media Holdings , in June 2007 PBL announced that it would sell a further 25% to CVC Capital Partners
CVC Capital Partners
for A$515 million. In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately A$526 million.

TIMELINE AND ACQUISITIONS

On 27 October 2008, James Packer and Consolidated Media Holdings representatives quit the board of PBL Media, effectively ending financial backing and future associations with the company.

On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Capital Partners
CVC Capital Partners
, had refinanced debt facilities as well as injecting in excess of A$300 million. CMH stated that they would not be investing any further funds, and as such, CMH's 25% interest became diluted to a stake less than 1%.

Under a split of PBL into two companies, PBL Media formerly held by PBL is now held by Consolidated Media Holdings.

From 2 December 2010, PBL Media rebranded as Nine Entertainment Company In December 2011 former McDonald’s Australia
Australia
chief executive Peter Bush was appointed chairman following the resignation of Tim Parker.

In February 2013 David Haslingden who was previously President and Chief Operating Officer of Fox Networks
Fox Networks
Group was appointed to the Board as an Independent Non-Executive Director and Chairman

December 2013 Nine Entertainment listed on the ASX as NEC. Vendors included Apollo Global Management , Oaktree Capital and Goldman Sachs who took over from CVC in a refinancing deal in Oct 2012.

In 2014, Nine Entertainment Co founded online streaming company Stan with Fairfax Media , investing AU$50 million into the joint venture.

On 16 April 2015 Nine Entertainment Co announced the sale of its Nine Live business to Affinity Equity Partners for $640 million to reduce debt and fund an ongoing capital management program.

In October 2015 WIN Corporation purchased a 14% stake in Nine Entertainment Co. from investment fund operator Apollo.

In March 2016, Nine Entertainment Co purchased a 9.9% stake in Southern Cross Media Group from the Macquarie Group
Macquarie Group
.

On 29 April 2016, Nine Entertainment Co.
Nine Entertainment Co.
ended a 27-year affiliation agreement with WIN Corporation , instead partnering with Southern Cross Austereo in parts of regional Queensland, New South Wales and Victoria, after securing a 50% revenue sharing deal with Southern Cross, which is higher than its existing 39% deal with WIN.

ASSETS

TELEVISION

* Nine Network is an Australian commercial free-to-air television primary channel.

* TCN
TCN
Sydney
Sydney
* GTV Melbourne
Melbourne
* QTQ Brisbane
Brisbane
* NWS Adelaide
Adelaide
* STW
STW
Perth
Perth
* NTD Darwin * NBN Northern New South Wales

* 9HD
9HD
is an Australian free-to-air HD digital television multichannel using the primary channel simulcast * 9Gem is an Australian free-to-air digital television multichannel suitable for women 35-54 * 9Go!
9Go!
is an Australian free-to-air digital television multichannel aimed at 14- to 39-year-olds. * 9Life is an Australian free-to-air digital television multichannel featuring reality and lifestyle programs. * Extra is an Australian advertorial datacasting channel broadcasting mainly informercials . * Darwin Digital Television (50% joint venture with Southern Cross Austereo , Network Ten affiliate)

DIGITAL MEDIA

* CarAdvice.com, automotive reviews and news.

* Nine Digital (company) operates Nine's principal online brands

* Nine.com.au , an online web portal * 9News.com.au , an online news portal * 9Honey.com.au an online women's news and lifestyle network * Wide World of Sports , online services of Nine's sports brand * 9Now.com.au video streaming and catch up service

* My Home (48.75%) an online real estate business (joint venture with Shane Dale and My Home Group). * Stan (50%) an Australian online streaming service (joint venture with Fairfax Media ).

MEDIA COMPANIES

* Southern Cross Media Group (9.9%) a radio and regional television media company.

FORMER ASSETS

* ACP Magazines was a magazine publisher operating in Australia, New Zealand , Asia
Asia
and the United Kingdom
United Kingdom
. Sold to Bauer Media in 2012. * Cudo was a group buying site launched as a joint venture with Microsoft
Microsoft
. Sold to Deals.com.au in 2013. * Ticketek
Ticketek
an event ticketing company operating in Australia
Australia
and New Zealand. Sold to Affinity Equity Partners in 2015. * Sydney
Sydney
Super Dome an entertainment and sporting complex located in Sydney, Australia
Australia
. Sold to Affinity Equity Partners in 2015. * Sky News Australia
Australia
(33%) is an Australian 24-hour cable news channel (joint venture with BSkyB and Seven West Media
Seven West Media
). Sold to News Corp Australia
Australia
in December 2016.

HISTORY

The company was a successor of the long-established Australian media group Publishing and Broadcasting Ltd (PBL), created by Sir Frank Packer , whose Channel 9 was Australia's first TV network. The TV and magazines group was substantially expanded by his son Kerry Packer , but after Kerry Packer's death in 2005, his son James sold his media interests. PBL Media was established in October 2006, when Publishing and Broadcasting Limited transferred its media interests, including the Australian Consolidated Press , Nine Network , and ninemsn , to the new business - a joint venture between PBL and CVC Asia
Asia
Pacific . The recapitalisation was announced on 18 October 2006. John Alexander, Chief Executive Officer of PBL, was announced as the Executive Chairman of PBL Media, along with Ian Law as CEO and Pat O\'Sullivan as Chief Financial Officer . The company's current directors are Ian Law, Chris Anderson, Martin Dalgleish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs.

James Packer and Alexander quit the PBL Media board in 2008.

In November 2015, Hugh Marks was appointed CEO. He replaced David Gyngell , who remains on the board. In February 2016, Peter Costello was appointed chairman.

REFERENCES

* ^ A B C "Nine Entertainment reports $92.5 million net profit". The Spy Report/Media Spy. 12 December 2010. p. 1. Retrieved 2010-12-12. * ^ PBL Press Release (1 June 2007) * ^ PBL Press Release (5 September 2007) * ^ PBL Press Release (8 May 2007) * ^ Gyngell, David (2 December 2010). "Thursday, 02 December 2010 Press Release - Nine Entertainment Co" (PDF). Company Announcements & Media Releases. Sydney, NSW, Australia: Nine Entertainment Company. Retrieved 25 December 2011. From today Nine Entertainment Company is our group's new title, new brand and new future. It will embrace Nine Television, Nine Magazines (through ACP), Nine Digital (through ninemsn, Carsales, Cudo and Sky News), and Nine Events (through Ticketek
Ticketek
and Acer Arena) and thus draw together under one new banner all the outstanding people and vast assets of this great company. * ^ AFR – Former McDonald’s CEO Bush to chair Nine. Retrieved 26 September 2012. * ^ The Australian – Former Fox boss to chair new Nine. Retrieved 18 February 2014. * ^ Sale of Nine Live. * ^ "Nine buys back Perth
Perth
station". Daily Telegraph. www.dailytelegraph.com.au. 20 October 2015. Retrieved 20 October 2015.

* ^ Knox, David (18 March 2016). "Nine buys Southern Cross shares". TV Tonight . Retrieved 18 March 2016. * ^ Knox, David (29 April 2016). "Nine signs affiliation agreement with Southern Cross". TV Tonight . Retrieved 29 April 2016. * ^ Janda, Michael (29 April 2016). "Nine and Southern Cross ink new regional TV deal". ABC News. Retrieved 29 April 2016. * ^ Barrett, Dan (28 October 2015). "Nine 2016 Upfront: Plans to broadcast in HD and launch new lifestyle FTA channel". Mediaweek. Retrieved 28 October 2015. * ^ http://www.news.com.au/technology/innovation/motoring/car-advice-website-started-by-a-21yearold-in-his-parents-spare-bedroom-has-sold-for-35-million/news-story/605