Bruce Gordon has failed in his attempt to derail CBS's takeover of Ten Network after the NSW Supreme Court ruled the embattled broadcaster's administrator gave creditors sufficient information about his rival bid.
Advertising agencies are rapidly evolving as traditional creative agencies, digital specialists, media buyers and other players bump up against each other in unexpected ways.
Local telecommunications company Vonex has launched its prospectus for an $8 million initial public offering on the National Stock Exchange, following its reverse takeover - and subsequent failed backdoor listing - of Aleator Energy last year.
US broadcast giant CBS has made a $143 million loan to the Ten Network Holdings to refinance the struggling local outfit's debt - advancing its interest even as a potential challenge to its takeover still stands.
Telstra boss Andrew Penn will take home $5.2 million this year, almost $1.6 million less than he did a year ago, as the telco's plunging share price weighs on his share entitlements.
Disgruntled Ten Network Holdings shareholders are considering a class action against the troubled network as they face receiving no compensation for their stock under the takeover proposed by US media giant CBS.
The Ten Network Holdings' billionaire shareholders Lachlan Murdoch and Bruce Gordon have been given the all-clear by the competition watchdog to make a joint takeover bid for the troubled free-to-air broadcaster.
A merger between Southern Cross Austereo and affiliate partner Nine Entertainment isn't on the cards even if the federal government's media reforms get through the Senate.
Vocus Communications has reported a net loss of $1.46 billion after making heavy write-downs on goodwill for some of its recent acquisitions and abandoned paying a dividend to redirect funds to projects and debt reduction.
Seven Group Holdings' shares have surged despite a profit slump, as the diversified group boosted equipment sales to the mining industry and gained $540 million from selling its WesTrac China business.
Ten Network says it did not tell shareholders that James Packer was pulling the plug on his financial support for the troubled broadcaster because his backing was not a factor in its share price.
Investors have dumped shares in Vocus after Australia's fourth-biggest telco ended a $2.2 billion bidding war for the company, saying the two suitors were unable to support the buy on the board's terms.
Film distributor Village Roadshow has won in legal proceedings brought against telco services including Telstra, forcing them to block domain names for services used to illegally download movies and other programs.
Shares in Telstra have plunged to a five-year low as investors react to the telco giant's announcement it will reduce dividends as of the current financial year.
Seven West Media chief executive Tim Worner has wrapped up a controversy-laden year with a pay cut as the company suffered a $744 million loss, courtesy of persistent weak ad revenues and a massive writedown on its broadcast licences.
A decline in print advertising and foreign exchange fluctuations have contributed to a 2 per cent decline in media giant News Corp's full-year revenue.
Telstra says its 4G coverage is now within reach of 99 per cent of the national population, following the recent completion of a mobile site in regional Western Australia and other upgrades around the country.
Experienced public relations executive Fiona McRobert is returning to Perth to lead the local office of PPR, as the one-time market leader seeks to rebuild its WA practice after a long period of downsizing.
Dunsborough, Gracetown and Monkey Mia will be among a number of locations around regional Australia that can expect better mobile coverage after Optus today confirmed plans to spend $1 billion to improve its network.
Print communications provider IVE Group Australia has signed a four-year deal with Seven West Media's publishing arm to produce its entire stable of regular mastheads.
A new report has highlighted the importance small, medium and large Western Australian businesses place on digital marketing, and the challenges they face.
Asian private equity firm Affinity Equity Partners has made a $2.2 billion offer for Vocus Communications, rivalling a similar bid from US private equity giant Kohlberg Kravis Roberts.
The competition watchdog is examining whether a Lachlan Murdoch-Bruce Gordon takeover of Ten Network Holdings will impact the television programming, sports broadcasting and advertising industries.
US private equity giant Kohlberg Kravis Roberts has moved a step closer to a takeover of Vocus Communications following the telco board’s decision to open its books to a non-exclusive due diligence.
Fairfax Media CEO Greg Hywood says the company is back on ‘plan A’ and proceeding with spinning-off its Domain business, after two potential suitors walked away without making a bid.
Troubled broadcaster Ten Network has secured a $30 million funding package so that it can keep operating while receivers and managers look to sell or recapitalise the business.
Fairfax Media has rebuffed an approach from a consortium including advertising entrepreneur John Singleton for its 54.5 per cent stake in Macquarie Media.
Ten Network Holdings' newly appointed administrators have pledged to keep the business running as they decide its future, saying they are confident of either rebuilding the broadcaster's finances or finding a willing buyer.