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.[2] In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately A$526 million.[3] Timeline and acquisitions[edit] 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, 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.[4] From 2 December 2010, PBL Media rebranded as Nine Entertainment Company[5] In December 2011 former McDonald’s Australia
chief executive Peter Bush was appointed chairman following the resignation of Tim Parker.[6] 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 [7] 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
Affinity Equity Partners
for $640 million to reduce debt and fund an ongoing capital management program.[8] In October 2015 WIN Corporation
WIN Corporation
purchased a 14% stake in Nine Entertainment Co. from investment fund operator Apollo.[9] In March 2016, Nine Entertainment Co purchased a 9.9% stake in Southern Cross Media Group from the Macquarie Group.[10] 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
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.[11][12] Assets[edit] Television[edit]

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

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

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!
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.[13] Extra is an Australian advertorial datacasting channel broadcasting mainly informercials. Darwin Digital Television (50% joint venture with Southern Cross Austereo, Network Ten
Network Ten

Digital Media[edit]

CarAdvice.com, automotive reviews and news.[14] Mi9 operates Nine's principal online brands

Nine.com.au, an online web portal 9News.com.au, an online news portal Wide World of Sports, online services of Nine's sports brand

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[edit]

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

Former Assets[edit]

ACP Magazines was a magazine publisher operating in Australia, New Zealand, Asia
and the United Kingdom. Sold to Bauer Media in 2012. Cudo was a group buying site launched as a joint venture with Microsoft.[15] Sold to Deals.com.au in 2013.[16] Ticketek
an event ticketing company operating in Australia
and New Zealand. Sold to Affinity Equity Partners
Affinity Equity Partners
in 2015. Sydney
Super Dome an entertainment and sporting complex located in Sydney. Sold to Affinity Equity Partners
Affinity Equity Partners
in 2015. Sky News Australia
(33%) is an Australian 24-hour cable news channel (joint venture with BSkyB
and Seven West Media). Sold to News Corp Australia
in December 2016.[17]

History[edit] 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.[18] PBL Media was established in October 2006, when Publishing and Broadcasting Limited
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
Pacific.[19] The recapitalisation was announced on 18 October 2006.[20] 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.[21] In November 2015, Hugh Marks was appointed CEO. He replaced David Gyngell, who remains on the board.[22] In February 2016, Peter Costello was appointed chairman.[23] References[edit]

^ 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
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
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/6058fca7b1987400abdb58ed2007e930 ^ Zappone, Chris (26 May 2011). "Click on down, let's make a deal". The Sydney
Morning Herald. Retrieved 7 June 2011.  ^ F0cusAU, F0cusAU (1 July 2013). "Mi9 latest to exit group buying, selling Cudo to owner of deals.com.au". mUmBRELLA. Retrieved 16 January 2014.  ^ "News Corp buys Sky News in Australia
and New Zealand
New Zealand
from Seven and Nine". The Sydney
Morning Herald. Fairfax Media. 1 December 2016. Retrieved 1 December 2016.  ^ "Four Corners Program Transcript". Australian Broadcasting Corporation. 12 October 2009. Retrieved 2 August 2014.  ^ Sullivan, Rohan (18 October 2006). "Australian Media Shakeup Begins". Washington Post. Retrieved 2 August 2014.  ^ "PBL's $5.5 billion recapitalisation and establishment of Australia's largest diversified media group, PBL Media" (PDF) (Press release). Australian Securities Exchange. 18 October 2006. Retrieved 2 August 2014.  ^ "Packer Turns Back On PBL Media". Forbes. 27 October 2008. Retrieved 2 August 2014.  ^ "Nine's new CEO Hugh Marks plans to respond to the Netflix challenge". The Sydney
Morning Herald. Retrieved 2015-11-09.  ^ Peter Costello
Peter Costello
appointed Nine Chairman Sky News Australia
25 February 2016

External links[edit]

Official website

v t e

Nine Entertainment Co.


Nine Network

Sydney Melbourne Brisbane Adelaide Perth Darwin

NBN Television

Northern New South Wales


9HD 9Gem 9Go! 9Life Extra


Nine Guide


Darwin Digital Television (50%) OzTAM (33%) StreamCo (50%)



9Now Nine.com.au


9Jumpin FIXPlay




See also

9news.com.au Nine's Wide World of Sports Programs Presenters

v t e

Business in Australia


Australian Competition & Consumer Commission Australian corporate law Australian Prudential Regulation Authority Australian Securities & Investments Commission Australian Takeovers Panel Constitution of Australia, 1901 (Cth) corporations power Economy of Australia

Stock exchange

Australian Securities Exchange S&P/ASX 20 S&P/ASX 50 S&P/ASX 200 S&P/ASX 300

Business associations

Australian Chamber of Commerce and Industry Australian Hotels Association Australian Industry Group Business Council of Australia Minerals Council of Australia National Farmers' Federation

S&P/ASX 50 companies (alpha–sorted)

AGL Energy Amcor AMP APA Asciano Aurizon ANZ ASX BHP Brambles Caltex
Australia Coca-Cola Amatil Commonwealth Bank Computershare Crown CSL Dexus Goodman GPT Incitec Pivot IAG James Hardie Lendlease Macquarie Group Medibank Mirvac National Australia
Bank Newcrest Mining Oil Search Orica Origin Energy QBE Insurance Ramsay Health Care Rio Tinto Santos Scentre Seek Limited Sonic Healthcare South32 Stockland Suncorp Sydney
Airport Holdings Telstra Transurban Vicinity Centres Wesfarmers Westfield Westpac Woodside Petroleum Woolworths

Other notable companies

Bank Akubra Alumina Australian Radio Network Australian Broadcasting Corporation AXA Asia
Pacific Bendigo Bank BlueScope Bunnings Caltex CIMIC Citibank Cochlear Coles Downer Group Fairfax Media Fosters Harvey Norman Holden James Hardie JB Hi-Fi Jetstar Airways John Holland Macquarie Radio Manildra Group Metcash National Storage News Corp Australia Nine Entertainment/Nine Network Optus Qantas Qube Holdings RM Williams Seven West Media/Seven Network Southern Cross Austereo St George Bank Star Entertainment Group Vero Insurance Virgin Australia Zinifex

Corporate controversies and collapses

Steamship Company Ansett Australia Bridgecorp Holdings Camperdown Dairy International Dick Smith Holdings Firepower International Great Southern Group James Hardie
James Hardie
asbestos controversy Rodney Adler, Brad Cooper, Ray Williams and the collapse of HIH Insurance King Brothers Masters Home Improvement Network Ten Opes Prime Pasminco Poseidon bubble Price fixing in the packaging industry Rene Rivkin and the Offset Alpine fire Jodee Rich
Jodee Rich
and One.Tel Christopher Skase and Qintex Storm Financial Timbercorp WA Inc Wayne Mansfield Westpoint

Notable individuals

Peter Abeles Warren Anderson Reg Ansett Alan Bond Chris Corrigan Robert Champion de Crespigny Rod Eddington John Elliott Andrew Forrest David Gonski Joseph Gutnick Lang Hancock Janet Holmes à Court Robert Holmes à Court Margaret Jackson Mike Cannon-Brookes Gail Kelly Solomon Lew Frank Lowy David Morgan Hugh Morgan Lachlan Murdoch Rupert Murdoch Sidney Myer Scott Farquhar Jacques Nasser Frank Packer James Packer Kerry Packer Clive Palmer Arvi Parbo Gina Rinehart Dick Smith Kerry Stokes Ziggy Switkowski Harry Triguboff Malcolm Turnbull Solomon Trujill