Crocmedia-Pacific Star Network merger awaits shareholder approvalBy Jonas Lopez in Media News on Tuesday, 09th January 2018 at 4:19pm
The Pacific Star Network and Crocmedia may soon be one company.
In a statement furnished the ASX today, Pacific Star management revealed that the firm will buy Crocmedia for $23.9 million. It would allow Crocmedia stakeholders and executives to buy 91.6 million Pacific Star shares at $0.25 apiece. Shareholders will be sought for approval at an AGM in March 2018.
Crocmedia co-founder and current CEO Craig Hutchison is Pacific Star’s new CEO and managing director whilst Crocmedia co-founder Chris Giannopoulos comes aboard as executive director. Current Pacific Star chairman Craig Coleman and non-executive directors Andrew Moffat and Colm O’Brien stay in office.
“We’ve enjoyed a wonderful relationship with Pacific Star Network as a supplier to SEN for a decade, and have unbelievable admiration for the platform they’ve built. SEN is Australia’s only 24/7 sports station, and together with the broader radio, publishing and digital business represents a tremendous growth opportunity. To join forces as one company with a single vision of a fully-integrated sports content and entertainment business is incredibly exciting. We look forward to growing further nationally and beyond, and being the best place to connect fans to stars, and brands to fans,” said Hutchison of the merger.
Comment and get full access to Influencing by registering for FREE
- Read and comment an all stories
- Weekly digest of media and PR news (optional)
- Post media releases to PRWire newswire
- Advertise job vacancies
- List your business in our PR directory
Please note that Influencing is used EXCLUSIVELY by media and influencers, as well as professionals who manage marketing and communications within their organisations, so we need a work email address.
More Media News
Cavanagh bows out of Southern Cross AustereoBy Jonas Lopez in Media News on Friday, 19th October 2018 at 3:37pm
Sam Cavanagh has wrapped up 16 years of service at Southern Cross Austereo (SCA).
The executive producer of Triple M show Kennedy Molloy said he was leaving to take up a job in the advertising industry. He is currently on service leave until January 2019, when he is expected to stay for one more week and make the transition.
Cavanagh is well-known for working his way up the ladder at SCA. He started with taking calls on The Tracey and Matt Show and became executive producer for The Shebang with Marty and Fifi and The Hamish & Andy Show, before launching Kennedy Molloy. He also worked as SCA’s national EP, training other aspiring producers.
“We could not have wished for a better EP to help launch Kennedy Molloy and we wish Sam all the very best in his new adventure,” said hosts Mick Molloy and Jane Kennedy.
SCA-Melbourne GM Dave Cameron said Cavanagh had always stepped up to bring out the potential of everybody he works with.
Radio networks to develop podcast industryBy Jonas Lopez in Media News on Friday, 19th October 2018 at 2:41pm
The major players in Australia’s radio industry will work together for developing the podcast scene.
Commercial Radio Australia CEO Joan Warner said at the Radio Alive national conference that all commercial broadcasters, ABC, and SBS have agreed to join a Podcast Working Group. The new body will design and implement a full blueprint for the podcasting industry, with various mechanisms in place to cover podcasting elements such as content creation, market research, and audience engagement.
NOVA Entertainment CEO Cath O’Connor will helm the new group.
The announcement came off the heels of Edison Research’s Infinite Dial Australia report earlier this year, which tagged 13% of Australians as tuning into podcasts during a certain week prior.
“Australia's multicultural communities continue to embrace SBS's language podcast services, delivering rapid growth in consumption. We welcome the opportunity to collaborate with the broader radio industry to provid
Di Santo leaves Bauer MediaBy Jonas Lopez in Media News on Thursday, 18th October 2018 at 4:19pm
Bauer Media GM of publishing for fashion, luxury, food, and home Fiorella di Santo has given her notice.
Bauer Media ANZ CEO Paul Dykzeul said she will step down at the end of the month. He also praised her for her efforts to help Bauer Media acquire magazines Inside Out and Country Style, and website Homelife.com.au, from NewsCorp Australia.
Di Santo had been at Bauer for the past two years, joining up as director of sales and landing the publishing GM job during the reorganisation after the closure of BauerWorks.
“I’ve enjoyed my time at Bauer, working on beautiful brands and learning from some of the most creative and talented people in the industry. Having been involved in the homes title acquisition from News and part of the team that celebrated key milestones such as Australian House and Garden’s 70th birthday and Harper’s BAZAAR’s 20th anniversary has been a real highlight. Now feels like the right time to do other things. I wish the Bauer team
Mason stands down from ABCBy Jonas Lopez in Media News on Thursday, 18th October 2018 at 4:16pm
Michael Mason has ended his time with ABC as its regional and local content director.
The executive said in a staff email that he is leaving behind a successful 34-year career when the resignation takes effect in December 2018 and wants to “pass the baton” to a new leader. He however stressed that his departure is not connected with that of former managing director Michelle Guthrie and chairman Justin Milne.
Mason is a seasoned figure within ABC, particularly in the radio division. He was manager of ABC Local Radio in Canberra from 1994 to 1997 then rose to the national managership of ABC Local Radio and group program director at ABC Radio from 2000 to 2011. He served as ABC Radio director then transitioned to the content directorship under the recent company reorganisation.
ABC specialist content chief Judith Whelan is appointed acting regional and local content director pending a permanent selection in the coming weeks. Acting ABC managing director David Anderson
Cosmo Australia closes downBy Jonas Lopez in Media News on Tuesday, 16th October 2018 at 1:38pm
One of Bauer Media’s prized publications, Cosmopolitan Australia, has reached its end.
Bauer Media ANZ CEO Paul Dykzeul said today that after careful considerations, the magazine will wrap up after the release of the December 2018 issue, which has American singer Ciara on the cover.
“We are incredibly proud of the brand and the people who have been involved and represented over the last 45 years. It has helped to launch the careers of media personalities, supported great brands and causes, and inspired millions of young women across the country,” Dykzeul added.
The move followed months of uncertainty at Bauer Media, which included a noticeable absence of Cosmopolitan Bride from news agencies and Lorna Gray taking over the editorship last July from Keshnee Kemp.
NewsCorp launches veterans tribute campaignBy Jonas Lopez in Media News on Monday, 15th October 2018 at 2:05pm
NewsCorp Australia has embarked on a new campaign to remember the military and thank service personnel as part of marking 100 years after the armistice that ended World War I.
Supported by the RSL, Legacy Australia, and the Department of Veterans Affairs, plus Victoria Cross awardees WO2 Keith Payne and CPL Dan Keighran, NewsCorp’s #THANKSFORSERVING campaign involves all NewsCorp media outlets publishing content on Australia’s military history.
NewsCorp subscribers will also have a chance to purchase a 15-piece ANZAC Spirit coin collection. The #ThanksForServing is also attached to coverage over the next month, such as the Invictus Games.
“At this time of year, as we approach the centenary of the 1918 Armistice, it is important that we send a sincere message of thanks to those men and women, and their families and that we continue to tell the stories of those who served,” said NewsCorp Australasia chairman Michael Miller.
The campaign started yesterday and w
Cavanagh takes time offBy Jonas Lopez in Media News on Friday, 12th October 2018 at 3:07pm
Kennedy Molloy executive producer Sam Cavanagh has temporarily stepped down from duties.
The Triple M Network announced that Cavanagh is out on service leave for the rest of 2018 and will be back at the start of 2019. He joined the Kennedy Molloy team after exiting Hamish and Andy last year.
Senior producer Whitney Plowman will assume Cavanagh’s duties on Kennedy Molloy for the meantime.Follow Canavagh on Twitter.