Ten’s CBS purchase clears NSW courtsBy Jonas Lopez in Media News on Friday, 10th November 2017 at 4:26pm
Network Ten’s shares are now to be bought by American media giant CBS – lock, stock, and barrel.
The purchase was finally cleared after the NSW Federal Court dismissed arguments from three minor stakeholders, who claimed foremost that the sale was based on an accountant's report that supposedly downplayed the value of Lachlan Murdoch and Bruce Gordon’s bid.
The decision puts administrator KordaMentha in control of the shares and gives them time to finalise a deed of sale to CBS unless an injunction is filed by close of business on November 14, 2017.
The Foreign Investment Review Board approved of the sale last month, with the Australian Securities and Investments Commission expected to favour it as well.
“We are now in the final stages of being acquired by CBS Corporation. This is a game changer for Ten and we believe a significant positive for the Australian media industry,” Ten CEO Paul Anderson said.
"We want to take channel Ten out of administration and give it a great future so there could be damages but I am sure we will get it settled and it will be fine," added KordaMentha official Mark Korda.
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Jo & Lehmo ready to sign offBy Jonas Lopez in Media News on Tuesday, 21st November 2017 at 12:11pm
Jo Stanley and Anthony ‘Lehmo’ Lehmann are calling time on their brekky show over Melbourne GOLD 104.3 FM.
ARN national content director Duncan Campbell said the duo’s show will stay on the airwaves until yearend as their contracts were not renewed. The team first went on air in 2015. ARN is slated to detail changes to the breakfast schedule in the new year.
Stanley and Lehmann took the announcement in stride, which came despite their show doing well in the ratings.
"We are disappointed as we love our audience, we love GOLD 104.3, and we love our team. We have both worked incredibly hard and the show's ratings have grown consistently, culminating in becoming Melbourne's number one FM breakfast show in the latest survey. We have a great friendship, have enjoyed working together over the past two years and will miss our listeners. Sadly, this is a crazy business and these things happen," they said in a statement.
Finance journos move onBy Jonas Lopez in Media News on Tuesday, 21st November 2017 at 11:15am
Two seasoned journalists in the finance industry, John Kavanagh and Daniel Paperny, have taken their careers into new directions.
Kavanagh (pictured, left) stepped down from his editorship at Banking Day after roughly ten years to firmly concentrate on editing The Rub, Shed Media’s newsletter focusing on issues in the superannuation industry. He is a veteran of the finance sector with over 30 years of experience, with his stints including money market coverage at The Australian and Business Review Weekly. He started working on The Rub when it first went into circulation in May 2017. The Banking Day management chose Bernard Kellerman to succeed Kavanagh.
Paperny (pictured, right), meanwhile, wrapped up his journalist duties at Benchmark Media’s Financial Observer to take up an account manager position at media relations company Media +Capital Partners. He was with the Observer for over one and a half years, as journalist and senior journalist.Follow Kavanagh o
In and out at New IdeaBy Jonas Lopez in Media News on Monday, 20th November 2017 at 2:56pm
Changes are afoot at weekly celebrity news magazine New Idea.
Parent firm Pacific Magazines announced that Zoe Burrell is coming aboard as junior writer, tackling entertainment, TV, and celebrity issues.
Burrell joins fresh from a six-month stint as an editorial co-ordinator/junior writer at Bauer Media, where she also did internships for Take 5 and Woman’s Day magazines.
Associate Editor Holly Richards is also temporarily assuming the duties of entertainment editor, as the incumbent, Ali Cromarty, is finishing up this week.Follow Burrell and Richards on LinkedIn.
Tucker back in the saddle after leaving VodafoneBy Craig Daveson in Media News on Monday, 20th November 2017 at 12:29pm
Johnston takes over editor's seat at GizmodoBy Craig Daveson in Media News on Monday, 20th November 2017 at 10:26am
Scott-Wilson signs up with Acast AustraliaBy Jonas Lopez in Media News on Thursday, 16th November 2017 at 6:33pm
The Australian arm of Swedish free-to-use podcasting platform Acast has welcomed seasoned reporter Guy Scott-Wilson as its new content director.
Scott-Wilson is now tasked with laying out the strategic direction of Acast Australia. He will also guide existing Acast hosts with developing original content for their shows. He recently served as Allure Media’s partnerships director and account manager, plus worked for Dennis Publishing and Digital SLR Photography in various sales positions.
“Guy brings a high level of global and local expertise in the content development and publishing field and will be an asset as we head into this exciting era,” said Acast Australia country manager Henrik Isaakson.
“Guy will play an important role in our business because, above all, we’re focused on helping local Aussie podcast providers monetise content and give listeners an enjoyable place to discover it.”
“In a world where so much content competes for our
Limelight editorship changes handsBy Jonas Lopez in Media News on Thursday, 16th November 2017 at 5:11pm
Classical arts and music magazine Limelight has changed editors.
The management stated that Jo Litson (pictured, right) is now at the helm, taking over from Clive Paget (pictured, left) who recently relocated to New York City after five years on the staff. A writer with 30 years’ experience, Litson had been Paget’s understudy as deputy editor since August 2016. She started collaborating with the magazine on some projects in 2015.
“Jo has been a part of Australian arts journalism for a long time, a talented and highly-respected writer with a passion for the performing arts, and experience with multiple facets of editing, writing, journalism, and publishing in a range of contexts. We’ve been lucky to have her on board as Deputy Editor and we’re looking forward to an exciting era for Limelight as she takes on the Editorship,” said Limelight publisher Andrew Batt-Rawden.
Although Paget is living in Manhattan, he has agreed to continue on as edi