2014 Annual Report and Shareholder Review May Australia

Total Page:16

File Type:pdf, Size:1020Kb

2014 Annual Report and Shareholder Review May Australia 20 AnnualAPN NEWS & MEDIA LIMITED Report ABN 95 008 637 643 14 In 2014, APN continued to evolve its business through integration, diversification and investment in growth categories. Our goal for 2015 is to outperform in each of the markets that our businesses operate in. We have identified the regions, the audiences and the businesses where we want to invest. CONTENTS Highlights 2 Senior Management Team 24 Financial Statements 55 About APN 4 Board of Directors 26 Directors’ Declaration 107 Chairman’s Report 6 Corporate Governance Statement 29 Independent Auditor’s Report 108 CEO’s Report 8 Directors’ Report 36 Shareholder Information 110 Operating and Financial Review 10 Remuneration Report 40 Five Year Financial History 112 Corporate Social Responsibility 22 Auditor’s Independence Declaration 54 Corporate Directory IBC APN NEWS & MEDIA LIMITED AND CONTROLLED ENTITIES 1 ANNUAL REPORT 20 14 AGM Notice is hereby given that the Annual General Meeting of members of APN News & Media Limited will be held at the Four Seasons Hotel Sydney, 199 George Street, Sydney NSW 2000 on Wednesday, 6 May 2015 at 11am. APN NEWS & MEDIA LIMITED ABN 95 008 637 643 2 ANNUAL REPORT 2014 Highlights APN News & Media is a growth oriented media, entertainment and technology company with assets in Australia, New Zealand and Hong Kong. Australian Radio Network LARGEST AUDIENCE Hong Kong Outdoor OF ANY METROPOLITAN Buspak and Cody RADIO NETWORK IN AUSTRALIA FM SYDNEY #1 STATION iHeartRadio 1,700 ADELAIDE HONG KONG #1 STATION IsLAND BUSES 632,052 BRIsbANE REGISTERED USERS #1 STATION 60 IN AUSTRALIA in 7/8 surveys Signature buses AND NEW ZEALAND with integrated media offerings 1,200 864,473 buzplay multimedia MOBILE DOWNLOAds installations OVER 160 BILLBOARDS SIX prime locations APN NEWS & MEDIA LIMITED AND CONTROLLED ENTITIES 3 New Zealand Media and Entertainment NZME. 3.1 MILLION NEW ZEALANDERS EAch MONTH The New Zealand Herald is the country’s Australian Regional NEwsPAPER Media ADSHEL #1 PUBLISHER Newstalk ZB is the country’s RADIO 1.5 MILLION Largest STATION PEOPLE EAch WEEK scALABLE DIGITAL #1 Radio Sport is the country’s NETWORK IN DEDICATED 12 THE COUNTRY #1 SPORTS daily newspapers STATION Coast is the country’s 92% 60community of Australians MUSIC and non-daily each fortnight #1 STATION publications media 83% #1 brands of the New Zealand LEADING in the regional Queensland population and northern New South DEALS SITE Wales markets they ALMOST (GRABONE) operate in 20,000 ADVERtisinG panels 4 ANNUAL REPORT 2014 About APN APN evolve APN today In 2014, APN continued to evolve its business Today, APN has assets in Australia, New Zealand through integration, diversification and investment and Hong Kong. in growth categories. In Australia, APN owns leading radio business ARN From wholly owning three out of nine businesses – home to the KIIS and Pure Gold networks; as well at the end of 2013, today APN wholly owns six out as regional media company Australian Regional of seven businesses. Media (ARM). During the year, APN completed a number of key APN also owns NZME, New Zealand’s premier transactions to move into this position including: media and entertainment company which operates some of the country’s leading publishing, - the divestment of eCommerce business radio and eCommerce brands including The New brandsExclusive Zealand Herald, Newstalk ZB and GrabOne. - the sale of our remaining 50% interest in APN APN’s Hong Kong businesses, Buspak and Cody, Outdoor specialise in outdoor, billboard and transit media - the acquisition of the remaining 50% interest advertising. in The Radio Network (TRN) in New Zealand Australian and New Zealand outdoor advertising and the Australian Radio Network (ARN) in business Adshel continues to be operated as a Australia that we did not own joint venture with Clear Channel, our partner of - the acquisition of the remaining 50% interest over 10 years which has extensive outdoor assets in the Hong Kong Outdoor businesses, Buspak around the world. and Cody, that we did not own APN provides relevance and connectivity with - the acquisition of 96FM in Perth which gives large-scale, quality audiences through brand, ARN a five capital city presence content and technology channels. In May 2014, APN combined its market-leading Operating in the growth markets of music, New Zealand businesses, APN NZ Publishing, TRN entertainment, community news and information, and GrabOne, into one operation. In September APN offers advertisers and audiences a 2014, the combined entity was launched as New combination of assets no other media company Zealand Media and Entertainment or, NZME. can offer. “ This year’s result has continued APN’s positive momentum and reflects strong market performances in what have been increasingly challenging conditions. “ Michael Miller Chief Executive Officer APN full year results market announcement 12 February 2015 APN NEWS & MEDIA LIMITED AND CONTROLLED ENTITIES 5 Results highlights ↑ ↑ 25% 342% Net profit after tax Statutory net profit before exceptional after tax up 342% APN’s strategy items up 25% Our strategy is underpinned by our strongest assets — our brands and people. We connect large, quality audiences through our brands, content and technology and engage advertisers with these large audiences by providing integrated and customised business solutions. Having strong relationships and creating an environment that enables great results is central to our success. ↑ Strong earnings % growth and market share gains in 11 Australian radio Increase in digital revenue Statutory net profit after tax $11.5m EBITDA* $164.1m NPAT** $74.7m * From continuing operations and before exceptional items ** Before exceptional items BRANDS & PEOPLE We will continue to grow audience engagement by responding to the changing needs of our consumers and advertisers. We will continue to diversify our revenues, creating new commercial opportunities and building market share through expanding operations. We will continue to optimise integration that results in revenue growth, cost savings and operational synergies. We will continue to invest for growth in initiatives and opportunities that enable us to increase share and outperform the markets we operate in. 6 ANNUAL REPORT 2014 Chairman’S Report Today, APN is well positioned to achieve its transformation goals. We have a very capable management team that has demonstrated their ability to deliver. Peter Cosgrove Chairman APN News & Media In 2014, we continued to make good progress to Strong management team reposition APN for growth. There is still a lot to do and the Board has continued Investing in growth assets confidence in APN’s management team under the Together with the equity raising of $132m and the leadership of Michael Miller as CEO of the Group, sale of APN Outdoor, the Company acquired the ably supported by Jeff Howard as APN’s CFO, 50 per cent of the Australian Radio Network (ARN) Ciaran Davis heading our Australian radio division, and The Radio Network (TRN) in New Zealand that Jane Hastings leading our New Zealand operations, we did not already own. Subsequently, we Rob Atkinson running Adshel and Neil Monaghan acquired 96FM in Perth which, when integrated overseeing our regional publishing business in into ARN, completed our five capital city FM radio Queensland, who are aligned in our vision to offering. continue APN’s growth strategy. One of our next growth opportunities will be in It is pleasing to see that our share price is South East Asia. We have started on that journey reflecting the changes the Company is adopting. by acquiring all of the Buspak and Cody outdoor Emphasis will continue to focus on generating cash operations in Hong Kong. This is a business and flows and investing in growth assets so we can country we have more than 10 years’ experience deliver value for our shareholders. in. In addition, the iHeartRadio platform is growing The media business remains subject to many very fast and has a number of opportunities in challenges and continues to undergo change at a Asia. fast rate. Given this environment, the Company These transactions confirm the Board’s strategy to must and will embrace transformation. invest in radio and outdoor as growth businesses. Financial result As a result of those changes to our business I am encouraged by the result APN delivered in portfolio, our radio and outdoor assets now 2014 with NPAT attributable to shareholders up represent just over 60 per cent of our 25 per cent on the prior year to $74.7m (before proportionate earnings, which in turn has reduced exceptionals and non-recurring items). This is an publishing to under 40 per cent. improvement on 2013’s performance which was in itself, a solid result. In New Zealand, we are well advanced in merging all of our media assets into one integrated The Board has decided not to pay a dividend at business under the brand NZME, which will this time in line with the Company’s commitment operate primarily from a single location in each of to reducing debt and improving the balance sheet. its local markets. This will enable us to capture In September, the refinancing of APN’s debt facilities both revenue and cost synergies with a strong was completed a year ahead of the scheduled expiry investment in the business’ digital future. date with the new facility in place until 2018. APN NEWS & MEDIA LIMITED AND CONTROLLED ENTITIES 7 Given the pace of change we are seeing in media, we must and will continue to embrace transformation. Audit tender Earlier in 2015, APN conducted an audit tender. Consistent with the Board’s strategy to deliver strong corporate governance, the purpose of the tender was to ensure that the Board can continue to provide shareholders with an independent and quality audit of management and the organisation’s finanacial operations. We are pleased to retain PwC as APN’s audit firm.
Recommended publications
  • Phil O'neil Joins Wsfm to Host Mornings
    PHIL O’NEIL JOINS WSFM TO HOST MORNINGS Friday, November 20th 2020 – ARN today announces Phil O’Neil (aka Ugly Phil) will join WSFM as the host of mornings. Phil will be heard on WSFM every weekday from 9am – 1pm from Monday, November 23. He will join Jonesy & Amanda, Jason Staveley, and Steve Fitton in WSFM’s all-star lineup for 2021. Of the appointment, WSFM Content Director Mike Byrne said, “When Phil ‘Philled in’ on WSFM recently, the feedback from listeners was incredibly positive. I knew he would make an excellent addition to WSFM’s stellar line up and I am so pleased that he decided to join us.” When asked for comment Phil O’Neil mumbled something incomprehensible, until we asked him to remove his mask, then he said, “After Joe Biden’s recent success, this could be the second greatest comeback I’ve ever witnessed. I can’t believe how lucky I am and now I can stop hassling Duncan and Mike for a gig!” Phil is a radio legend, perhaps best known for his hugely popular nationally syndicated Hot30 Countdown show but he has also hosted drive, The Rubber Room night show, talk shows on 2UE in Sydney and LBC in London, as well as working in the UK on Kerrang Radio in Birmingham and Kiss 100, XFM and Planet Rock in London. *** About ARN ARN is one of Australia’s leading Broadcast and On-demand audio companies, ‘Defining Audio’, with ownership or investments in 12 radio stations nationwide in addition to digital entertainment platform, iHeartRadio.
    [Show full text]
  • 2019-20 Impact Report
    2019-20 Impact Report Optimising life for people living with epilepsy and bringing epilepsy out of the shadows Our mission Epilepsy Queensland’s mission is to optimise life for people living with epilepsy and bring epilepsy out of the shadows. Our values We respect and care about those impacted by epilepsy. We are accountable for our actions, passionate, and person-centered in our approach. We value collaboration, are agile, and ensure integrity in all that we do. Our strategic priorities • Empower individuals and families • Enhance community engagement and advocacy • Ensure sustainability Directory Patron Board members Wally Lewis Charmaine Driver Chief Executive Officer Katrina Tune Helen Whitehead until 24/07/20 Andrew Barnes Chris Dougherty appointed 07/09/20 William Tuffley appointed 4/12/19 Simon Watt appointed 4/12/19 Board as at 14 January 2021 Murray Fairgrieve retired 8/1/21 Chair Sam Bryce David Bunker retired 20/1/20 Deputy Chair Kim Davis Secretary Lousie Prychidczuk appointed 25/11/20 Treasurer Kalvin Booth Chairmans Report Sam Bryce Last year our wonderful organisation again in our organisation. Her commitment celebrated 50 years of service to the people to optimising the lives of people living with of Queensland. For those 50 years we epilepsy will be a lasting legacy that our have pursued our mission to optimise life organisation can be proud of. for people living with epilepsy and to bring epilepsy out of the shadows. A lot has happened in the 12 months to June 2020 and I am immensely proud of the way In this our 51st year the Board on behalf the organisation has responded, by drawing of members, started to consider what we back to the core purpose of our existence might need to look like to be here to serve and living our values: to respect and care Queenslanders for another 50 years.
    [Show full text]
  • Who Gets to Tell Australian Stories?
    Who Gets To Tell Australian Stories? Putting the spotlight on cultural and linguistic diversity in television news and current affairs The Who Gets To Tell Australian Stories? report was prepared on the basis of research and support from the following people: Professor James Arvanitakis (Western Sydney University) Carolyn Cage (Deakin University) Associate Professor Dimitria Groutsis (University of Sydney) Dr Annika Kaabel (University of Sydney) Christine Han (University of Sydney) Dr Ann Hine (Macquarie University) Nic Hopkins (Google News Lab) Antoinette Lattouf (Media Diversity Australia) Irene Jay Liu (Google News Lab) Isabel Lo (Media Diversity Australia) Professor Catharine Lumby (Macquarie University) Dr Usha Rodrigues (Deakin University) Professor Tim Soutphommasane (University of Sydney) Subodhanie Umesha Weerakkody (Deakin University) This report was researched, written and designed on Aboriginal land. Sovereignty over this land was never ceded. We wish to pay our respect to elders past, present and future, and acknowledge Aboriginal and Torres Strait Islander communities’ ongoing struggles for justice and self-determination. Who Gets to Tell Australian Stories? Executive summary The Who Gets To Tell Australian Stories? report is the first comprehensive picture of who tells, frames and produces stories in Australian television news and current affairs. It details the experience and the extent of inclusion and representation of culturally diverse news and current affairs presenters, commentators and reporters. It is also the first
    [Show full text]
  • Conference Program
    CONFERENCE PROGRAM 2 October 2017 // Perth, Western Australia Resources, Environment and Security in the Maritime Realm WESTERN AUSTRALIA’S PREMIER FORUM ON QUESTIONS OF REGIONAL SIGNIFICANCE Running order Time Session Type and Speaker 08:30 – 09:00 REGISTRATION WITH TEA AND COFFEE 09:00 – 09:05 Conference welcome Professor L. Gordon Flake CEO of the Perth USAsia Centre 09:05 – 09:15 WA in the region The Hon. Mark McGowan Premier of Western Australia 09:15 – 09:25 Welcome to Country Dr Richard Walley Australian Indigenous Performer, Writer and Musician 09:25 – 09:30 UWA In The Zone Professor Dawn Freshwater Vice Chancellor at The University of Western Australia 09:30 – 09:50 Keynote Address The Hon. Julie Bishop Australia’s Minister for Foreign Affairs 09:50 – 10:05 Keynote Address Chris Salisbury Rio Tinto Chief Executive, Iron Ore 10:05 – 10:30 In conversation: Understanding the maritime realm – a new way of thinking Professor John Blaxland Mr Auskar Surbakti Director of the Southeast Asia Ins. & Head of Presenter and Correspondent at the Strategic & Defence Studies Centre at ANU Australian Broadcasting Corporation (ABC) Professor Erika Techera Director of the UWA Oceans Institute at The University of Western Australia 10:30 – 11:00 MORNING TEA 11:00 – 11:20 Keynote Address Senator Penny Wong Shadow Minister for Foreign Affairs 11:20 - 12:05 Group discussion: Defence and security in the Indo-Pacific maritime realm Dr Dino Patti Djalal Vice Admiral Anup Singh Former Indonesian Ambassador to the US and Former Flag Officer Commanding-in-Chief,
    [Show full text]
  • Sydney Dog Lovers Show 2019
    SYDNEY DOG LOVERS S H O W 2 0 1 9 PUBLICITY CAMPAIGN APRIL TO AUGUST 2019 COVERAGE RESULTS. 99 53 55 21 ONLINE + EDM PIECES PRINT PIECES SOCIAL PIECES BROADCAST PIECES Online coverage was achieved across national Print coverage included Sydney’s leading metro Social media coverage was achieved across Broadcast coverage was dominated by News Corp and Fairfax digital sites such as: newspapers The Daily Telegraph and Sydney Facebook, Instagram, Twitter and WeChat pieces from each major TV network News.com.au, Realestate.com.au, Daily Morning Herald, as well as News Local community platforms of major news, television, family including Nine News Sydney and Weekend Telegraph, Herald Sun, Sydney Morning Herald titles and regional newspapers. media and What’s On platforms. TODAY, Seven News and The Morning Show, and The Age. 10 News First and Studio 10 and ABC News HHME secured front covers in three regional titles: These included realestate.com.au, 9 News Sydney (syndicated nationally). Coverage was also secured across leading digital Rouse Hill Times, Fairfield City Champion and the Sydney, City of Sydney, Broadsheet, Time lifestyle and event sites such as Broadsheet, Time Newcastle Star. Out, Ella’s List and Vision China Times. Radio coverage consisted of an interview Out and Concrete Playground, with syndication Magazine coverage included Jetstar Magazine, with 2GB – Breakfast and a major giveaways across their EDMs and social media channels. Family Travel Magazine, Life Begins At and dog- with Australia’s No.1 Breakfast program, Kyle & Jackie O, and Nova 96.9 – Smallzy’s Key NSW and local council listings were also specific title, Barker’s Bazaar.
    [Show full text]
  • Rethinking Australian Journalism in the 1960S: the 1966-67 Work Value Case and the Sydney Newspaper Strike
    Rethinking Australian journalism in the 1960s: The 1966-67 work value case and the Sydney newspaper strike John Myrtle* Contents Part 1: The 1966-67 work value case for journalists ............................................................................. 1 Application for a full-bench hearing ...................................................................................... 5 The judgment ....................................................................................................................... 6 Downgrading as an issue for journalists ................................................................................ 8 Part 2: The 1967 Sydney newspaper strike ......................................................................................... 10 The strike widens ................................................................................................................ 13 Production of the proprietors’ newspapers during the strike ................................................ 16 The Sunday News ..................................................................................................................... 16 The role of John Fairfax and Sons ............................................................................................ 17 Production at John Fairfax and Sungravure ............................................................................ 18 Production at Australian Consolidated Press .......................................................................... 18 News Limited ...........................................................................................................................
    [Show full text]
  • Stations Monitored
    Stations Monitored 10/01/2019 Format Call Letters Market Station Name Adult Contemporary WHBC-FM AKRON, OH MIX 94.1 Adult Contemporary WKDD-FM AKRON, OH 98.1 WKDD Adult Contemporary WRVE-FM ALBANY-SCHENECTADY-TROY, NY 99.5 THE RIVER Adult Contemporary WYJB-FM ALBANY-SCHENECTADY-TROY, NY B95.5 Adult Contemporary KDRF-FM ALBUQUERQUE, NM 103.3 eD FM Adult Contemporary KMGA-FM ALBUQUERQUE, NM 99.5 MAGIC FM Adult Contemporary KPEK-FM ALBUQUERQUE, NM 100.3 THE PEAK Adult Contemporary WLEV-FM ALLENTOWN-BETHLEHEM, PA 100.7 WLEV Adult Contemporary KMVN-FM ANCHORAGE, AK MOViN 105.7 Adult Contemporary KMXS-FM ANCHORAGE, AK MIX 103.1 Adult Contemporary WOXL-FS ASHEVILLE, NC MIX 96.5 Adult Contemporary WSB-FM ATLANTA, GA B98.5 Adult Contemporary WSTR-FM ATLANTA, GA STAR 94.1 Adult Contemporary WFPG-FM ATLANTIC CITY-CAPE MAY, NJ LITE ROCK 96.9 Adult Contemporary WSJO-FM ATLANTIC CITY-CAPE MAY, NJ SOJO 104.9 Adult Contemporary KAMX-FM AUSTIN, TX MIX 94.7 Adult Contemporary KBPA-FM AUSTIN, TX 103.5 BOB FM Adult Contemporary KKMJ-FM AUSTIN, TX MAJIC 95.5 Adult Contemporary WLIF-FM BALTIMORE, MD TODAY'S 101.9 Adult Contemporary WQSR-FM BALTIMORE, MD 102.7 JACK FM Adult Contemporary WWMX-FM BALTIMORE, MD MIX 106.5 Adult Contemporary KRVE-FM BATON ROUGE, LA 96.1 THE RIVER Adult Contemporary WMJY-FS BILOXI-GULFPORT-PASCAGOULA, MS MAGIC 93.7 Adult Contemporary WMJJ-FM BIRMINGHAM, AL MAGIC 96 Adult Contemporary KCIX-FM BOISE, ID MIX 106 Adult Contemporary KXLT-FM BOISE, ID LITE 107.9 Adult Contemporary WMJX-FM BOSTON, MA MAGIC 106.7 Adult Contemporary WWBX-FM
    [Show full text]
  • Social Media Thought Leaders Updated for the 45Th Parliament 31 August 2016 This Barton Deakin Brief Lists
    Barton Deakin Brief: Social Media Thought Leaders Updated for the 45th Parliament 31 August 2016 This Barton Deakin Brief lists individuals and institutions on Twitter relevant to policy and political developments in the federal government domain. These institutions and individuals either break policy-political news or contribute in some form to “the conversation” at national level. Being on this list does not, of course, imply endorsement from Barton Deakin. This Brief is organised by categories that correspond generally to portfolio areas, followed by categories such as media, industry groups and political/policy commentators. This is a “living” document, and will be amended online to ensure ongoing relevance. We recognise that we will have missed relevant entities, so suggestions for inclusions are welcome, and will be assessed for suitability. How to use: If you are a Twitter user, you can either click on the link to take you to the author’s Twitter page (where you can choose to Follow), or if you would like to follow multiple people in a category you can click on the category “List”, and then click “Subscribe” to import that list as a whole. If you are not a Twitter user, you can still observe an author’s Tweets by simply clicking the link on this page. To jump a particular List, click the link in the Table of Contents. Barton Deakin Pty. Ltd. Suite 17, Level 2, 16 National Cct, Barton, ACT, 2600. T: +61 2 6108 4535 www.bartondeakin.com ACN 140 067 287. An STW Group Company. SYDNEY/MELBOURNE/CANBERRA/BRISBANE/PERTH/WELLINGTON/HOBART/DARWIN
    [Show full text]
  • Scheme Booklet Registered with Asic
    QMS Media Limited 214 Park Street South Melbourne, VIC 3205 T +61 3 9268 7000 www.qmsmedia.com ASX Release 13 December 2019 SCHEME BOOKLET REGISTERED WITH ASIC QMS Media Limited (ASX:QMS) refers to its announcement dated 12 December 2019 in which it advised that the Federal Court had made orders approving: • the dispatch of a Scheme Booklet to QMS shareholders in relation to the previously announced Scheme of Arrangement with Shelley BidCo Pty Ltd, an entity controlled by Quadrant Private Entity and its institutional partners (Scheme); and • the convening of meetings of QMS shareholders to consider and vote on the Scheme. The Scheme Booklet has been registered today by the Australian Securities and Investments Commission. A copy of the Scheme Booklet, including the Independent Expert's Report and the notices of the Scheme Meetings, is attached to this announcement and will be dispatched to QMS' shareholders before Thursday 19 December 2019. Key events and indicative dates The key events (and expected timing of these) in relation to the approval and implementation of the Scheme are as follows: Event Date Scheme Booklet dispatched to QMS shareholders Before Thursday 19 December 2019 General Scheme Meeting 10.00am on Thursday 6 February 2020 Rollover Shareholders Scheme Meeting Thursday 6 February (immediately following the General Scheme Meeting) Second Court Hearing Monday 10 February 2020 Effective Date Tuesday 11 February 2020 Scheme Record Date 5.00pm on Friday 14 February 2020 Implementation Date Friday 21 February 2020 Note: All dates following the date of the General Scheme Meeting and the Rollover Shareholders Scheme Meeting are indicative only and, among other things, are subject to all necessary approvals from the Court and any other regulatory authority and satisfaction or (if permitted) waiver of all conditions precedent in the Scheme Implementation Deed.
    [Show full text]
  • Australian Share Exemption List
    Business Ngā Ūmanga IR871 | June 2016 Australian share exemption list This factsheet provides the names of companies (excluding listed investment companies) that are considered to meet the exemption from the FIF (foreign investment fund) rules for the year ending 31 March 2016. Companies are listed alphabetically by company name. Where a company has been added to, or removed from, one of the qualifying indices of the Australian stock exchange (ASX) in the year to 31 March 2016, a date is shown in the appropriate column. Qualifying listed investment companies (LICs) are part of the FTSE AFSA Australia Listed Investment Companies (LIC) Index which is owned and operated by FTSE (Financial Times Stock Exchange). Because the LIC index is no longer in the public domain, we’ve removed LICs from this factsheet. You’ll need to contact the investment company or the FTSE to confirm whether your investment is part of the LIC Index. 0–9 ASX Company name Date Date ticker added removed ASX Company name Date Date code ticker added removed APD APN Property Group Ltd 21/03/16 code ARB ARB Corp Ltd ONT 1300 Smiles Ltd ALL Aristocrat Leisure Ltd 3PL 3P Learning Ltd AWN Arowana International Ltd 21/03/16 A ARI Arrium Ltd ACX Aconex Ltd AHY Asaleo Care Ltd ACR Acrux Ltd AIO Asciano Ltd ADA Adacel Technologies Ltd 21/03/16 AFA ASF Group Ltd ADH Adairs Ltd 21/09/15 ASZ ASG Group Ltd ABC Adelaide Brighton Ltd ASH Ashley Services Group Ltd 21/03/16 AHZ Admedus Ltd ASX ASX Ltd ADJ Adslot Ltd 21/03/16 AGO Atlas Iron Ltd 21/03/16 AFJ Affinity Education Group 2/12/15
    [Show full text]
  • Federal Court of Australia
    FEDERAL COURT OF AUSTRALIA Fairfax Media PublicatÍons Pty Ltd v Reed International Books Australia Pty Lrd [2010] FCA 984 Citation: Fairfax Media Publications Pty Ltd v Reed International Books Australia Pty Ltd [2010] FCA 984 Parties: FAIRF'AX MEDIA PUBLICATIONS PTY LTD (ACN 003 357 720) v REED INTERNATIONAL BOOKS AUSTRALIA pTy LTD (ACN 001 002 357) T/A LEXIS.NEXIS File number: NSD 1306 of 2007 Judge: BENNETT J Date ofjudgment: 7 September 2010 Catchwords: COPYRIGHT - respondent reproduces headlines and creates abstracts of arlicles in the applicant's newspaper - whether reproduction of headlines constitutes copyright infringernent - whether copyright subsists in individual newspaper headlines, in an article with its headline, in the compilation of all the articles and headlines in a newspaper edition and in the compilation of the edition as a whole - literary work - copyright protection for titles - use of headline as citation to article - policy considerations - originality - authorship - whether presumption of originality for anonymous works available - whether work ofjoint authorship - whether the headlines constitute a substantial part of each compilation - whether the work of writing headlines is part of the work of compilation - whether fair dealing for the pu{pose of or associated with reporting news ESTOPPEL - whether applicant estopped from asserting copyright infringement by respondent - applicant has known for many years that heacllines of the applicant,s newspaper are reproduced in the abstracting service - applicant had
    [Show full text]
  • Chapter Nine: the Main Event – Round Three – 1981-1990
    Chapter Nine: The Main Event – Round Three – 1981-1990: Introduction: This chapter concludes the examination of the inextricable melding of Television Audience Survey Ratings, Financial Returns and Local ‘Live’ Production. While there was still intense rivalry between TVW7 and STW9, other forces were coming into operation in the succeeding period from 1981-1990. In this decade both TVW7 and STW9 were subsumed by much larger corporate entities. At the level of programming this led to a notable decline in local ‘live’ production, as a result of national networking and a corresponding diminution of community responsibility. During this period there were to be big changes in the structure of what can be termed the era of the two ‘family television’ companies in Western Australia. The chapter examines the events that led to TVW7 becoming part of the Robert Holmes a’ Court Bell Group, the retirement of Sir James Cruthers (considered by many to be ‘the Father’ of Perth television) and the sale of STW9 to the Bond Corporation. Another development, the introduction of the Aussat Satellite System was to have a huge impact on program transmission and in conjunction with Networking, perhaps deliver the mortal blow to the local ‘live’ television industry. The chapter concludes with the first two years of a three-station System in Western Australia’s capital city, when NEW10 went on air in 1988. Examination of the correlation between audience ratings surveys and Company profitability continues and so are their combined deleterious effects upon the former showcases of the two original stations, their respective Production Departments and the wealth of output from their in-house studios.
    [Show full text]