Latest Media News

The ACCC has decided not to oppose Southern Cross Media’s proposed acquisition of Seven West Media, finding limited competition concerns amid evolving digital media landscapes.

Seven West Media shareholders are preparing to vote on a scheme of arrangement for acquisition by Southern Cross Media Group, with the Seven board unanimously recommending approval. The merger promises significant cost synergies and a stronger combined media platform.

News Corporation reported a 2% revenue increase to $2.144 billion for Q1 FY2026, driven by growth in Dow Jones and Digital Real Estate Services, while Book Publishing faced headwinds. Net income rose 4% to $150 million, supported by operational efficiencies and a robust balance sheet.

Nine Entertainment reported a resilient FY25 with strategic transformation gains, digital subscription growth, and a major capital return following the sale of its Domain stake. Leadership changes and regulatory challenges frame its path forward.

Nine Entertainment reports continued digital subscription growth and cost efficiencies that help offset a softer advertising market in Q1 FY26, setting the stage for EBITDA gains.

News Corporation reported a modest 2% revenue increase and a 1% rise in net income for Q1 Fiscal 2026, driven by strong digital growth at Dow Jones and Digital Real Estate Services. The company also accelerated share buybacks, signaling confidence in its undervalued stock amid strategic AI partnerships.

oOh!media reports a 7% revenue increase in Q3 2025, slightly ahead of prior guidance, but flags challenges from a key New Zealand contract loss and softer advertising demand in October.

Seven West Media reports a 6% EBITDA rise in H2 FY25 driven by TV and digital growth, while announcing a transformative merger with Southern Cross Media.

An independent expert report from Kroll Australia affirms the proposed merger between Southern Cross Media Group and Seven West Media is fair and in the best interests of Southern Cross shareholders, setting the stage for a major consolidation in Australian media.

Aspermont Limited reports its 37th consecutive quarter of subscription growth, launching its Mining-IQ AI platform and securing a landmark $550k contract with Rio Tinto.

Aspermont Limited reports a milestone $11.2 million annual recurring revenue with its new Mining-IQ platform gaining traction through a landmark Rio Tinto contract. The company also strengthens its balance sheet with a $2.8 million capital raise, setting the stage for accelerated growth.

NZME Limited has upgraded its FY25 Operating EBITDA guidance, signaling stronger-than-expected financial performance despite economic headwinds. The company now expects earnings between $59 million and $62 million, up from its earlier forecast.