Australia updates media laws with 8 deal minimums
Australia introduced a revised media bill requiring platforms like Alphabet (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META).
Australia introduced a revised media bill requiring platforms like Alphabet (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META).
Southern Cross Media Group (ASX:SXL) recorded a 57.6% profit fall to $9.9 million for FY26 following weaker advertising revenue.
The Australian government is advancing a $250 million news levy impacting publishers like Nine Entertainment (ASX:NEC).
oOh!media (ASX:OML) signed a binding agreement to be acquired by infrastructure investor I Squared Capital.
NZME (ASX:NZM) has agreed to acquire print plant equipment from Stuff's Petone facility in an up to NZ$15 million deal.
News Corp (ASX:NWS) reported fourth-quarter revenue of US$2.34 billion, an 11% increase compared to the prior year.
ARN Media (ASX:A1N) stated it is progressing evidence to defend all claims by Jacqueline Henderson in the Federal Court.
Nine Entertainment (ASX:NEC) will cut 30 editorial roles across its major metropolitan newspapers to support a digital transition.
Twelve US states have filed a lawsuit in an Oakland federal court to block Paramount's proposed US$110 billion acquisition of Warner Bros Discovery (NASDAQ:WBD).
oOh!media (ASX:OML) confirms rival suitors Pacific Equity Partners, I Squared Capital, and Oaktree Capital reconfirmed non-binding takeover offers at $1.60 to $1.65 per share.
Broadcast media platform GTN (ASX:GTN) issued a market clarification on July 10 regarding its commercial structures.
Sky Network Television (ASX:SKT) secures exclusive New Zealand broadcast rights for the NRL from 2028 to 2034 in a new seven-year partnership.
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