Ten Network must find new financiers or face the possibility of going into administration after billionaire shareholders Lachlan Murdoch and Bruce Gordon refused to back a new funding deal for the loss-making commercial free-to-air broadcaster.
Cannings Purple, which is ranked as Western Australia’s second largest public and investor relations firm, has bolstered its team by recruiting experienced business journalist Peter Klinger.
Former Google executive Lee Hunter has been named chief executive of advertising technology company Tech Mpire, succeeding Luke Taylor who will remain with the business in another role.
Fairfax Media shares have hit their highest level in six years after a consortium led by US-based private equity giant TPG Capital upped its takeover bid by $500 million and widened it to now include the entire company.
The Australian Competition and Consumer Commission on Friday said in a draft decision it had decided against declaring a wholesale domestic mobile roaming service because there was insufficient evidence to show this would improve overall competition.
Journalists at The Sydney Morning Herald and The Age have voted to strike for a week, after Fairfax Media announced it would cut about 25 per cent of the jobs at its major Australian newspapers.
Shares in Vocus Communications fell almost 30 per cent following the telecom operator's second profit warning in six months, as management grapple with a raft of problems following its rapid expansion.
Mining services company Ausdrill has expanded its partnership with Hockey Australia, while AGL Energy has sponsored the West Coast Eagles as it seeks to lift its profile ahead of its planned entry to the Western Australian gas market.
Local tech startup Zora Tech has soft-launched its first product to market, an online advertising platform that aims to better connect content creators, retailers and customers to what they want to see online.
TPG Telecom shares have slumped in their first trading session since the internet provider launched a capital raising to help fund its plan for its own mobile network.
Telstra shares fell today after internet provider TPG Telecom said it would build Australia's fourth mobile network for about $1.9 billion, after securing much-needed mobile spectrum in a government auction.
Two competing subsea cables are set to be built between Perth and Singapore after Vocus Communications finalised construction contracts this week, coinciding with a Telstra-led consortium striking an agreement with the same builder.
Perth-based telecommunications company Norwood Systems has tapped the market for nearly $2.1 million to fund ongoing development and commercialisation of its products.
Kerry Stokes' Seven Group Holdings has slipped to a half-year loss of $41.8 million due to $145 million of write-downs almost entirely related to the value of its stake in Seven West Media.
Seven West Media appears to have put a value of $16.9 million on The Sunday Times newspaper and Perth Now website, as the publisher and broadcaster posted a sharp drop in first-half net profit and dividends, and sought to direct attention away from its ongoing battle with CEO Tim Worner's former lover.
Seven West Media has secured an interim injunction against chief executive Tim Worner's former lover as it seeks to stop her releasing what it says are confidential documents she should not possess.
Profit continues to fall for Optus despite the telco attracting many new customers, largely due to its exclusive coverage of English Premier League matches.
The Australian Shareholders’ Association has called for companies to do a better job of communicating with their shareholders, following the resignation of a Seven West Media director on the eve of today's report on misconduct allegations against chief executive Tim Worner.
Perth-based telco and managed services provider R Group International will share in an estimated $126 million worth of annual work, after securing a place on the list of providers for the Victorian state government.
About a third of Western Australian small businesses don’t invest in digital marketing, according to a recent report by consultancy Alyka, although around 51 per cent of the sector are planning to spend more in that sphere in 2017.
Nine Entertainment has come close to a first strike against its remuneration report as shareholders railed against the high pay awarded to executive and non-executive directors despite the broadcaster's disappointing performance.
Seven West Media chairman Kerry Stokes says Australia's high broadcast licence fees and lack of incentives for local content are making production in overseas markets more attractive.
The first Sunday Times newspaper to be published under ownership of Seven West Media will be printed later this month, after purchase contracts were officially signed today.
Telstra has defended the quality of its network after a series of major disruptions this year while also warning against the possible regulation of mobile roaming charges.
Netflix rival Presto will close at the end of January after Seven West Media agreed to sell its 50 per cent stake in the streaming service to co-owner Foxtel.
Today’s news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation’s The Sunday Times newspaper should come as no surprise – consumers have been losing interest in both for some time.
