 | |
| Type | Public |
|---|---|
| ASX: CMJ | |
| Industry | Media |
| Founded | 30 November 2007 |
| Defunct | 2 November 2012 |
| Fate | Acquired by News Corp |
| Headquarters | 54 Park Street, Sydney, Australia |
Key people | John Alexander (Executive Chairman) |
| Revenue | $11.6 million (2012) |
| Parent | Consolidated Press Holdings (50%) Seven Group Holdings (25%) |
| Subsidiaries | Foxtel (25%) Fox Sports (50%) |
| Website | www.cmh.com.au |
Consolidated Media Holdings (CMH) was an Australia investment company focused on subscription television.
Consolidated Media Holdings (CMH) was a publicly listed Australian company. Its two largest shareholders were Consolidated Press Holdings and the Seven Group Holdings.
CMH was formed following a name change by Publishing & Broadcasting Limited (PBL), and the PBL and Crown Schemes of Arrangement, in November 2007.
CMH had a 25 per cent interest in Foxtel. CMH's stake in Foxtel was held jointly with News Corp through the joint. The remaining 50% share of Foxtel was owned by Telstra.
CMH had a 50 per cent shareholding in Fox Sports, Speed, Fox Footy, Fox Sports News and Fuel TV), with the other 50 per cent held by News Corp.
CMH previously held a 50% interest in PBL Media, with assets including the Nine Network, NBN Television, Sky News Australia, Australian Consolidated Press, NineMSN, Carsales, Ticketek and the Sydney Super Dome. In September 2007 CMH sold down a further 25% of its interest in PBL Media to CVC Capital Partners. This was followed in December 2008 with CVC injecting over $300 million into PBL Media, which resulted in CMH's shareholding being diluted to less than 1% of the company.
The company was originally controlled by the Packer family. In July 2008 the Seven Network bought a $100 million stake in CMH, equal to 4.82% of the company.
On 16 December 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Asia Pacific, had refinanced debt facilities as well as injecting in excess of $300 million. CMH stated that they would not be investing any further funds, and as such, CMH's 25% interest became diluted to a stake less than 1%.
In July 2009 the Seven Network purchased a further 13% shareholding in CMH, bringing Seven's total shareholding to 18%. Within days CPH had increased its stake by 1.5% to 40%. On 15 July 2009 the Seven Network further increased its stake to 19.5%
In August 2009 CMH announced the sale of 54 Park Street, Sydney (the long time Packer family HQ) to AMP Capital Investors and the sale of all shareholdings in Seek to institutional investors.
News Corp submitted a bid for Consolidated Media Holdings in 2012. [1] Seven Group Holdings also submitted a bid. [2] The Australian Competition & Consumer Commission approved the takeover bid placed by News Corp, [3] however, denied the bid placed by Seven Media Holdings. [4]
The News Corporation takeover was approved by both the shareholders and the Federal Court, taking effect on 2 November 2012 and this ended the Packer family control of any large media company. [5]
As at June 2012, CMH's major shareholders were Consolidated Press Holdings (50%) and Seven Group Holdings (25%). [6]
Consolidated Media Holdings had shares in the following companies:
The original incarnation of News Corporation, also variously known as News Corporation Limited, was an American multinational mass media corporation operated and owned by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, dominating the news, television, film and print industries.
James Douglas Packer is an Australian billionaire businessman and investor. Packer is the son of Kerry Packer, a media mogul, and his wife, Roslyn Packer. He is the grandson of Sir Frank Packer. He inherited control of the family company, Consolidated Press Holdings Limited, as well as investments in Crown Resorts and other companies. He is the former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings, which predominantly owned media interests across a range of platforms, and a former executive chairman of Crown Resorts.
Network 10 is an Australian commercial television network owned by Ten Network Holdings, a division of Paramount Networks UK & Australia. One of five national free-to-air networks, 10's owned-and-operated stations can be found in the state capital cities of Sydney, Melbourne, Brisbane, Adelaide and Perth while affiliates extend the network to regional areas of the country.
Foxtel is an Australian pay television company—operating in cable television, direct broadcast satellite television, and IPTV streaming services. It was formed in April 2018, superseding an earlier company from 1995. The service was established as a 50/50 joint venture between News Corporation and Telstra, with News Corp and Telstra holding 65% and 35% ownership shares respectively.
Austereo was an Australian mass media company based in Melbourne. It was founded in 1980 by Paul Thompson, and operated 16 radio stations in metropolitan and regional Australia under the Today Network and Triple M brands. In 2011, the company's majority shareholder Village Roadshow sold its shareholding to Southern Cross Media Group, which began trading as Southern Cross Austereo from 21 July.
The Singapore Exchange Limited (SGX) is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.
Torstar Corporation is a Canadian mass media company which primarily publishes leftwing daily and community newspapers. In addition to the Toronto Star, its flagship and namesake, Torstar also publishes daily newspapers in Hamilton, Peterborough, Niagara Region, and Waterloo Region. The corporation was initially established in 1958 to take over operations of the Star from the Atkinson Foundation after a provincial law banned charitable organizations from owning for-profit entities. From 1958 to 2020, the class A shares of Torstar were held by the families of the original Atkinson Foundation trustees. The private investment firm NordStar Capital LP, owned by Jordan Bitove and Paul Rivett, officially acquired Torstar on August 5, 2020.
Lachlan Keith Murdoch is a British businessman and mass media heir. He is the executive chairman of Nova Entertainment, co-chairman of News Corp, executive chairman and CEO of Fox Corporation, and the founder of Australian investment company Illyria Pty Ltd.
Patrick Corporation is an Australian seaport operator with operations in Brisbane, Fremantle, Melbourne and Sydney. Formerly listed on the Australian Securities Exchange, it is owned by Brookfield Asset Management and Qube Holdings.
Australian News Channel Pty Ltd is an Australian privately held subsidiary of News Corp Australia which owns media properties operating in Australia and New Zealand.
Galaxy is a former provider of pay television programming in Australia via satellite and wireless cable (microwave) delivery methods.
Ten Network Holdings Ltd is a major media company in Australia. Headquartered in Sydney, its major asset is Network 10, a free-to-air television network. Formerly a public company listed on the Australian Securities Exchange, since December 2019, it has been a subsidiary of Paramount Networks UK & Australia.
Boral Limited is a multinational company manufacturing and supplying building and construction materials. Founded in Australia, it also has extensive operations in the United States and Asia. With revenue for total operations of A$5.86 billion (2019), Boral has about 17,000 employees working across 17 countries at 672 operating sites and 154 distribution sites. Its headquarters are located in Sydney, Australia.
Fox Sports Australia Pty Limited is the division of Foxtel that owns and operates the Fox Sports television networks and digital properties in Australia. The group operates nine Fox Sports Channels as well as Fox Sports News, Fox Cricket, Fox League, Fox Footy, Watch AFL and Watch NRL. Fox Sports channels are available via Foxtel or Kayo. The groups main competitors are beIN Sports, ESPN, Optus Sport and Stan Sports. Unlike Fox Sports the group is not owned directly by the Fox Corporation. However News Corp which holds a 65% stake in Foxtel is Fox Corporation's sister company.
Publishing and Broadcasting Limited (PBL) was one of Australia's largest corporations. With interests primarily in media and gambling, for the entirety of its existence it was largely controlled by the Packer family.
Nine Entertainment is an Australian publicly listed media company with holdings in radio and television broadcasting, newspaper publications and digital media. It uses Nine as its corporate branding and also prefers this usage to be used for the parent company.
Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. The Fairfax family retained control of the business until late in the 20th century.
GrainCorp Limited is an Australian company listed on the Australian Securities Exchange. The company's core business is the receiving and storage of grain and related commodities. It also provides logistics and markets these commodities.
Sydney Airport Holdings was a publicly–listed Australian holding company which owned a 100% interest in Kingsford Smith Airport via Sydney Airport Corporation. The company was listed on the Australian Stock Exchange and had its head office located in Sydney, New South Wales.
APN Outdoor was an Australian outdoor advertising company based in Sydney, Australia.