This year's AFR Young Rich List reveals Canva co-founders Melanie Perkins and Cliff Obrecht are number one on the List for the sixth year, worth a combined $18.5 billion, up from $14 billion. Margot Robbie is Australia’s richest entertainer under 40, worth $193 million.  F1 driver Oscar Piastri debuts on the List with an estimated wealth of $122 million, while Daniel Ricciardo has increased his wealth despite no longer racing by $7 million to $194 million. But, basketball is still the biggest creation of sport wealth, with six basketballers on the Young Rich List. There are 21 Young Rich Listers who have made their wealth through retail, contributing $4.5 billion to the total wealth of the top 100 in 2025. The Canva couple, aged 38 and 39 respectively, have a $13.9 billion lead on the next Young Rich Lister, Ed Craven, the co-founder of online cryptocurrency casino site stake.com who has an estimated wealth of $4.6 billion. The full Financial Review Young Rich List will be av

Yes it’s that time of year when all - well, pretty much all - is revealed about both TV and radio’s big plans for the year ahead, and today it's ARN's turn.   There’s some extensive and very detailed media coverage of ARN’s Upfronts by the specialist press today, including the advertising and marketing angle assessed by Nathan Jolly at Mumbrella, plus newly appointed media editor Natasha Lee at Mediaweek with their take on what it all means, and Radio Info zeroing in on some of the radio and audio specifics.   Starting with radio, key points are: Kent “Smallzy” Small, has signed with ARN to launch a brand-new show across the KIIS Network in 2026. Starting January, The Smallzy Show will air in two national timeslots on the KIIS Network and on demand via the iHeart app. The Smallzy Show which will be on from 3-4pm in the week and a night edition from 7-9pm. He will be heard on KIIS 1065, KIIS 1011, KIIS 97.3, KIIS 102.3 and KIIS DAB+ Perth from January.  That chan

Welcome to Thursday and let's begin in Melbourne with The Age because there are two linked motifs this morning - fashion and figures. Yes Melbourne Cup is fast approaching and for race fans and Melbourne that's the big one, and the build-up begins with a lovely picture this morning by Simon Schluter.  But it also means interest rate watchers and economists will be staring intently at the action because the big race day always coincides with the Reserve Bank looking at the state of the economy and deciding what to do with rates. The smart money, as they say, is on no movement at all on rates given the sudden spike in inflation - those figures out yesterday.   That finance story is on the front page of both The Age and sister paper The Sydney Morning Herald. Written by Shane Wright and Millie Muroi, and headlined in the Melbourne paper as 'Inflation spike dims rate cut hope', it reports inflation has had its biggest single jump this year and that likely puts the brakes on an

WaveX, the startup accelerator initiative focusing on media and entertainment under the Ministry of Information and Broadcasting (MIB), Government of India, has signed a Memorandum of Understanding (MoU) with T-Hub, the world’s largest startup hub, to strengthen India’s creative, content, and media-technology ecosystem. The MoU was formally signed and exchanged by the CEOs of WaveX and T-Hub in the presence of Sanjay Jaju, Secretary, Ministry of Information and Broadcasting; Sanjay Kumar, Special Chief Secretary, Information Technology, Electronics and Communications Department, Government of Telangana; and other senior officials from the ministry. Speaking at the event, Sanjay Jaju said India’s AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) sector is witnessing rapid expansion and becoming a key driver of the country’s creative economy. He added that WaveX has been conceptualised as a national accelerator platform to nurture startups and empower

The Telecom Regulatory Authority of India (TRAI) has issued a corrigendum to its October 3 recommendations on the Digital Radio Broadcast Policy for Private Broadcasters, revising the migration fee formula to enhance fairness and predictability. The amendment affects cities where no bids are received for new digital frequencies. Previously, TRAI proposed using the Average Determined Price (ADP) from similar category cities with successful bids. Upon review, TRAI noted this could cause “certain aberrations” compared to the reserve price of the concerned city. “In case no bids are received for new frequencies in a city, then Reserve Price (RP) for that city should be considered as the basis for migration amount for the purpose of migration of existing broadcasters,” the Authority stated in the corrigendum. This revision alters paragraph 3.74(g) of the earlier recommendations submitted to the Ministry of Information and Broadcasting (MIB). It impacts FM broadcasters consideri

  New Delhi Television (NDTV) has announced that it has merged four of its subsidiary companies, NDTV Networks Limited, NDTV Worldwide Limited, NDTV Media Limited and NDTV Labs Limited.   ScanX reported that NDTV confirmed that it filed the confirmation with the Registrar of Companies (RoC), NCT of Delhi and Haryana and has got approval.   As a result of this amalgamation, NDTV’s authorised share capital has seen a substantial increase.   NDTV had earlier disclosed the filing of Form INC-28 on October 1, 2025. Now the merger has been completed, following the RoC approval.   The broadcaster concluded its Rights Issue, raising Rs 396.49 crores. Following the allotment, NDTV’s equity share capital increased from 6.45 crore shares to 11.28 crore shares. The promoters’ shareholding increased from 64.71% to 69.02% while public shareholding accounts

  Republic Media Network has announced the launch of a new vertical, Republic Education. With the network’s foray into the education space, the new vertical is set to undertake India’s largest college ranking exercise powered by Collegedunia.com. According to the company, “the rankings will emerge as not just the largest exercise of its kind, but also the most authentic, setting a new benchmark for credibility, scale, and transparency in higher education evaluation.” The Republic Education College Rankings will cover more than 3093 colleges and universities across India, a transformative step towards bringing transparency, data integrity, and accessibility to the decision-making process for students and parents across India. Announcing the initiative, Arnab Goswami, founder and editor-in-Chief of Republic Media Network, said: “We are proud to announce the launch of our new vertical — Republic Education. This project is very close to my heart because it will directly