Bauer loses Coles Magazine
The Australian Media Diary reports that magazine publishing giant Bauer has lost the multi million dollar contract for Coles Magazine to former publishing director Gerry Reynolds, who has started his own firm Medium Rare.
Ooh set for stock market float
Champ Private Equity, the majority owner of the country’s biggest outdoor advertising group, oOh!Media, has appointed advisors for a potential $500 million dollar trade sale or IPO of the business. The Australian Financial Review reports that the float could take place as early as this year or early next year to take advantage of the market.
Media ad revenue static
According to research firm Nielsen media advertising revenue has remained static across all sectors with revenue showing no signs of lifting, with the company’s president of global products, Steve Hasker, telling The Australian, “As the Australian GDP is softening, so is the ad spend.’’
SBS battle over ads
SBS is set to increase the amount of advertising on its TV network, possibly to 10 minutes per hour, in a move that has sparked a disagreement over where the proceeds of the increased advertising revenue should go, The Australian reports.
Internet piracy still on agenda
Also in The AFR, following the release of the copyright discussion paper by Communications Minister Malcolm Turnbull and Attorney-General George Brandis, the chief executives of Australia’s biggest media companies will be invited to make their case for measures to clamp down on internet piracy at a forum which the government expects to host later this month.
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