Australia Media

The ACCC has launched Federal Court proceedings against Amazon (NASDAQ:AMZN) over alleged unfair contract terms.

Airtasker (ASX:ART) has agreed to early cash settlement of two A$5 million media partnership notes issued to oOh!media (ASX:OML) and ARN Media (ASX:A1N), paying A$5,463,847 to oOh!media and A$5,357,668 to ARN instead of converting the notes and accrued coupons into discounted equity.

Nine Entertainment (ASX:NEC) confirmed that television host Karl Stefanovic has left the network immediately.

Nine Entertainment (ASX:NEC) is negotiating the exit of television presenter Karl Stefanovic following a controversial podcast episode.

Bain Capital has reportedly withdrawn its non-binding bid to buy advertising group oOh!Media (ASX:OML) for $1.60 per share.

ARN Media (ASX:A1N) has entered a binding settlement to resolve all outstanding Federal Court proceedings with Kyle Sandilands.

The Australian Prudential Regulation Authority has finalised a maximum 12-year term limit for board directors to boost governance.

The takeover battle for outdoor advertising giant oOh!media (ASX:OML) intensifies as revised private equity bids converge at up to $1.60 per share.

Foxtel has launched a complex $4 billion proposal to secure the National Rugby League broadcast rights until 2034.

Southern Cross Media Group (ASX:SXL) announced a major restructuring programme to counter deteriorating market conditions.

oOh!media (ASX:OML) confirmed it is the target of a fresh, non-binding acquisition bid from global buyout firm Bain Capital and associated financial sponsors.

Swift TV (ASX:STV) secured a $2.3 million capital injection for the rollout of its entertainment and communication platform.