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
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
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
In February 2013 David Haslingden who was previously President and
Chief Operating Officer of
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.
On 29 April 2016,
Nine Entertainment Co.
* Nine Network is an Australian commercial free-to-air television primary channel.
* 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 ).
* Southern Cross Media Group (9.9%) a radio and regional television media company.
ACP Magazines was a magazine publisher operating in Australia, New
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
Australian Consolidated Press ,
Nine Network , and ninemsn , to
the new business - a joint venture between PBL and CVC
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.
* ^ A B C "Nine Entertainment reports $92.5 million net profit".
The Spy Report/Media Spy. 12 December 2010. p. 1. Retrieved
* ^ 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
* ^ 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