nine entertainment major shareholders
Green rows indicate new positions. Fintel makes it easy to profit from following activist hedge funds. Kerry Packer inherited the company after his father's death in 1974. View today’s NEC share price, options, bonds, hybrids and warrants. [20][21] Nine sold its stake in the business in September. Nine Entertainment Co. Holdings Limited (trading as Nine Entertainment Co.) is an Australian publicly-listed media company with holdings in radio and television broadcasting, newspaper publications and digital media. The entity is largely a successor to the former Publishing and Broadcasting Limited (PBL), which was established by the Packer family. (a) Nine Entertainment Co. Holdings Limited (NEC) recognises that shareholders and other stakeholders are entitled to be informed in a timely and readily accessible manner of all major developments affecting NEC. John Alexander, Chief Executive Officer of PBL, was announced as the Executive Chairman of PBL Media, along with Ian Law as CEO and Pat O'Sullivan as Chief Financial Officer. As a result of the merger, Nine shareholders own 51.1 percent of the combined entity and Fairfax shareholders own 48.9 percent. Targeted Value Portfolio Institutional Class, EQ ADVISORS TRUST - EQ/International Equity Index Portfolio Class IA, DFA INVESTMENT DIMENSIONS GROUP INC - International Social Core Equity Portfolio Institutional Class, Dfa Investment Trust Co - The Asia Pacific Small Company Series, LINCOLN VARIABLE INSURANCE PRODUCTS TRUST - LVIP Dimensional International Core Equity Fund Standard Class, LAZARD RETIREMENT SERIES INC - Lazard Retirement Global Dynamic Multi-Asset Portfolio Investor Shares, HAIDX - Harbor Diversified International All Cap Fund Institutional Class, DEW - WisdomTree Global High Dividend Fund N/A, VPACX - Vanguard Pacific Stock Index Fund Investor Shares, DTH - WisdomTree International High Dividend Fund N/A, AVDV - Avantis International Small Cap Value ETF, RLGY / Realogy Holdings Corp. 10-K - Annual Report - FORM 10-K, AU:NEC / Nine Entertainment Co Holdings Ltd (BGQV18900). The company's largest shareholder is Birketu Pty. [6] In 2014, Nine Entertainment Co founded online streaming company Stan with Fairfax Media, investing A$50 million into the joint venture. (a) Nine Entertainment Co. Holdings Limited (NEC) recognises that shareholders and other stakeholders are entitled to be informed in a timely and readily accessible manner of all major developments affecting NEC. The AAP wire service is due to shut on 26 June. The television, publishing and digital media company (which owns this masthead) is basking in the glow of recently reporting a … Birketu Pty. Nine Entertainment Co Holdings Ltd (AU:NEC) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. AAP’s major shareholders are News Corp and Nine Entertainment, with Seven West Media holding a smaller stake. It is believed at least 180 jobs will be lost in the closure. He replaced David Gyngell, who remains on the board. The company was a successor of the long-established Australian media group Australian Consolidated Press (ACP), created by Sir Frank Packer, whose Channel 9 was Australia's first commercial TV network. Assuming nothing else has changed, a lower share price makes a stock more attractive to potential buyers. In November 2015, Hugh Marks was appointed CEO. World ex U.S. We note that hedge funds don’t have a meaningful investment in Nine Entertainment Holdings. The decision of Nine Entertainment’s major shareholders to stay for the long haul has investors cheering, though they now have the problem of getting access to a smaller pool of stock. ©AFP/File PETER PARKS Sydney (AFP) - The Australian Associated Press has been acquired by a consortium led by philanthropists, saving the newswire from closure at… The big shareholder groups in Nine Entertainment Co. Holdings Limited (ASX:NEC) have power over the company. Need help or want to help improve Fintel? ... she could have voluntarily disappeared. Webinars are open Over a year since the deal was first mooted, shareholders of Fairfax Media have approved the proposal by fellow Australian media giant Nine Entertainment to acquire 100% of its issued capital. Improve your mastery of Fintel and investing by attending a webinar. With 8.9% and 5.9% of the shares outstanding respectively, Pendal Group Limited and Legg Mason, Inc. are the second and third largest shareholders. 001-35674 REALOGY HOL. In a historic development for Australia's media landscape, major shareholders Nine Entertainment Co. and Rupert Murdoch's News Corp severed their longstanding partnership with AAP in an effort to cut costs amid a challenging media advertising landscape. Pedestrian Group (majority stake), a digital media enterprise including the former Allure Media. Ltd. is currently the company’s largest shareholder with 15% of shares outstanding. Click the link icon to see the full transaction history. 5 min read. [12] In February 2013 David Haslingden, previously President and Chief Operating Officer of Fox Networks Group, was appointed to the Board as an independent non-executive director and chairman.[13]. Core Equity Portfolio - Institutional Class, GDMIX - Lazard Global Dynamic Multi-Asset Portfolio Institutional Shares, VT - Vanguard Total World Stock Index Fund ETF Shares, JISAX - International Small Company Fund Class NAV, VTMGX - Vanguard Developed Markets Index Fund Admiral Shares, Brighthouse Funds Trust II - Brighthouse/Dimensional International Small Company Portfolio Class A, EQ ADVISORS TRUST - EQ/International Value Managed Volatility Portfolio Class IA, IDEV - iShares Core MSCI International Developed Markets ETF, HAINX - Harbor International Fund Institutional Class, SFILX - Schwab Fundamental International Small Company Index Fund Institutional Shares, WLCTX - Wilshire International Equity Fund Investment Class, SSGVX - State Street Global Equity ex-U.S. Index Portfolio State Street Global All Cap Equity ex-U.S. Index Portfolio, MFDX - PIMCO RAFI Dynamic Multi-Factor International Equity ETF, IXUS - iShares Core MSCI Total International Stock ETF, JNL SERIES TRUST - JNL/DFA International Core Equity Fund (I), DDLS - WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund N/A, PICAX - International Small Company Fund Class A, VFSNX - Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares, SCHC - Schwab International Small-Cap Equity ETF, VSGX - Vanguard ESG International Stock ETF ETF Shares, TLTD - FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund, DFA INVESTMENT DIMENSIONS GROUP INC - International Sustainability Core 1 Portfolio Shares, Dfa Investment Dimensions Group Inc - Va International Small Portfolio, VGTSX - Vanguard Total International Stock Index Fund Investor Shares, DFA INVESTMENT DIMENSIONS GROUP INC - World ex U.S. Nine Entertainment Co ’s two major shareholders will likely own about 35 per cent of the media company between them after it is listed, while new shareholders will control a similar amount of stock. Nine Entertainment was created as PBL Media to be the holding company for PBL's media assets. Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment company with investments spanning television, video on demand, print, digital, and radio. Nine Radio also manages national sales for Nova Entertainment owned-and-operated 5AA. (b) The purpose of this shareholder communications policy is to promote effective communication From 2 December 2010, PBL Media rebranded as Nine Entertainment Company[11] In December 2011 former McDonald's Australia chief executive Peter Bush was appointed chairman following the resignation of Tim Parker. ... Major Shareholders. Major shareholders Nine Entertainment Co and Rupert Murdoch's News Corp will sever longstanding partnerships with AAP in an effort to cut costs amid a challenging media advertising landscape. [19] On 29 April 2016, Nine Entertainment Co. ended a 27-year affiliation agreement with WIN Corporation, instead partnering with Southern Cross Austereo in parts of regional Queensland, New South Wales and Victoria, after securing a 50% revenue sharing deal with Southern Cross, which is higher than its existing 39% deal with WIN. Shareholders in Nine Entertainment Co. took a 51% of the combined entity and Fairfax shareholders own 49%. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … Nine is the owner of this masthead. The Schedule 13D indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. Nine and Fairfax will soon join forces following a shock merger announcement. The company was a successor of the long-established Australian media group Australian Consolidated Press (ACP), created by Sir Frank Packer, whose Channel 9 was Australia's first commercial TV network. The key is to keep your eyes on the fundamental developments. [25], On 25 May 2020, Nine Entertainment sold their New Zealand subsidiary Stuff, which had been acquired during the purchase of Fairfax in December 2018, to Stuff's chief executive Sinead Boucher for NZ$1. [8], On 27 October 2008, James Packer and CMH representatives, such as Alexander, resigned from the board of PBL Media, effectively ending financial backing and future associations with the company. The price of the newswire, which was considered loss-making by major shareholders Nine Entertainment Co (owner of this masthead) and News Corp, is estimated in the low millions. In June 2007, PBL announced that it would sell a further 25% to CVC Capital Partners for A$515 million. ACP was combined with the Nine Network in 1994 as Publishing and Broadcasting Ltd (PBL). Having said that, it's inevitable that some stocks will be oversold in a falling market. The merger brings the total number of major media organisations in Australia down from five to four, and heralding in the era of mega-media conglomerates with a say in every medium. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. In December 2013, Nine Entertainment listed on the ASX, trading as ASX: NEC. The Packers officially ended their involvement with the company in 2008 and its name was changed to Nine in 2010. Nine is also the owner of Stuff and various Australian newspapers including The Age and The Sydney Morning Herald. Upgrade to unlock premium data and export to Excel . Insider Trading Volume. Fairfax Media was delisted from the Australian Securities Exchange in December 2018. This website is provided “as is” without any representations or warranties, express or implied. Kerry Packer inherited the company after his father's death in 1974. 2019-09-09 sec.gov - 457 The prospect of Nine Entertainment’s two major legacy shareholders, Apollo and Oaktree deciding to retain some of their combined 36 per cent shareholding beyond the August 2014 voluntary escrow period is a mixed blessing. [9] Packer later sold his media interests.[10]. Sources close to discussions about AAP's future, who spoke on the condition of anonymity, said the operation has been under immense financial pressure and major shareholders Nine Entertainment Co and Rupert Murdoch's News Corp were assessing all options. Nine Entertainment’s outgoing CEO, Hugh Marks, has announced a 42% increase from last year on earnings before interest and tax of $355m. Nine Entertainment’s outgoing CEO, Hugh Marks, has announced a 42% increase from last year on earnings before interest and tax of $355m. He said: "All … Nine Entertainment’s history While Nine Entertainment Company (NEC) has only listed as a publicly listed company since October 2006, its history as the operator of Channel 9 dates back to the 1950s. PBL Media was established in October 2006, when PBL transferred its media interests, including the ACP Magazines, Nine Network, and ninemsn, to the new business - a joint venture between PBL and CVC Asia Pacific. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Schedule 13G indicates a passive investment of over 5%. We're pleased to report that Nine Entertainment Holdings shareholders have received a total shareholder return of 25% over one year. Fintel Nine Entertainment Co. Holdings Limited engages in the broadcasting and program production businesses across free to air television and metropolitan radio networks in Australia. ONE of Nine Entertainment Co's major shareholders will offload 40 per cent of its stake in Nne s imminent float just a year after buying into the media company. Detail on 13F filings are free. Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment company with investments spanning television, video on demand, print, digital, and radio.