Media & Marketing

Optus reports $787m profit after tax

Optus has managed to lift its annual net profit by 1.5 per cent to $787 million despite intense competition from its telco rivals.

Optus posts modest customer growth

Optus added 80,000 customers in the three months to the end of March, taking its total to nearly 9.5 million. Australia's second largest telco had 9.49 million customers at March 31, up from 9.41 million at December 31, a rise of just under one per cent.

Mix94.5 continues long reign at the top

Mix94.5 has come up trumps for the 100th consecutive Perth Radio Survey, despite a significant fall in listeners, ratings agency Nielsen says.

ConsMedia says not selling Foxtel stake

James Packer's Consolidated Media Holdings says it one-quarter stake of pay tv provider Foxtel is not for sale. However, the company said in a statement  there had been some discussions which may result in a change of control.

Vodafone, Optus to improve mobile coverage

Optus and Vodafone say they plan to beef up their mobile coverage through sharing more of each other's network mobile sites.

George Michael to headline new Perth Arena

British pop star George Michael will be the first headline act at the controversial new Perth Arena when it officially opens in November. Michael will launch his Symphonica Australian tour at the venue during a gala opening performance on November 10.

Football codes win appeal against Optus

AFL chief executive Andrew Demetriou has welcomed a Federal Court decision to prevent Optus customers from recording and watching football matches on delay.

Judgment day for NRL, AFL and big telcos

Millions of dollars in sports broadcast rights will be at stake when a judgment is made in a legal battle between Optus and the nation's two biggest football codes tomorrow.

TV stocks punished after Seven downgrade

Television stocks have been punished as ongoing weakness in advertising markets frightens investors after Seven West Media cut its earnings forecasts.

Ausdrill signs on as Hockeyroos major sponsor

Mining services company Ausdrill has signed on as the major sponsor of the Hockeyroos, Australia’s women’s hockey team, in a two-year deal that ends a long search for financial backing.

RAC starts search for ad partner

The RAC is on the lookout for a new marketing partner, launching a formal tender process to fill its creative advertising account.

Quickflix adds MGM to growing studio stable

Quickflix has beefed up its digital streaming service, signing a content deal with Metro Goldwyn Mayer Studios to distribute films to its subscribers.

Seven Group reports profit decline on media write-down

Seven Group Holdings has reported a steep decline in first-half net profit as a strong rise in earnings from its WesTrac equipment business was offset by a write down in the value of its stake in Seven West Media.

Southern Cross says its unaffected by Sandilands

 Southern Cross Austereo says there has been no lasting financial impact from the Kyle Sandilands controversy. Chief executive Rhys Holleran said there was only a minor effect on revenues during the first half of 2011/12 and it was expected to be immaterial in the second half.

Optus fails to gag AFL chief Demetriou

Optus has failed to gag AFL chief executive Andrew Demetriou from claiming the telco was "lifting" content owned by sporting bodies, behaviour "akin to stealing".

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