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Asia

Market Chatter: Nine Entertainment Rival Foxtel Offers Multi-Billion Bid for NRL Rights, AFR Says

Nine Entertainment (ASX:NEC) rival Foxtel has offered to buy rights to the National Rugby League (NRL) for seven years in a multi-billion-dollar proposal, according to a Friday report by the Australian Financial Review (AFR), citing two sources with knowledge of the discussions.The report said that the bid would divide free-to-air coverage of the sport across two television networks, as under the proposal, Foxtel would acquire the rights in full and sublicense them to Southern Cross Media (ASX:SXL), the owner of the Seven Network, and Paramount, the owner of Network Ten.Under the arrangement, Seven will broadcast Sunday and Monday matches as well as State of Origin, Ten will cover Thursday and Friday nights, and Foxtel and its streaming service Kayo Sports will hold the streaming rights, the report added.Nine, which is also the publisher of AFR, previously proposed an offer valued at between AU$550 million and AU$600 million annually, bringing the total over five years to around AU$3 billion, the report added.AFR reported its sources did not specify an annual figure for Foxtel's offer, though they said the total exceeded Nine's competing bid. The amounts Southern Cross and Paramount would pay Foxtel for their share of the television rights were not disclosed either.Nine did not respond to' email request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NECASX:SXL
Asia

Vinyl Group to Acquire Pedestrian Group From Nine Entertainment Unit

Vinyl Group (ASX:VNL) is set to acquire 100% of Pedestrian Group from Nine Digital, a subsidiary of Nine Entertainment (ASX:NEC), in a non-cash transaction structured without scrip issuance or ongoing royalty obligations, according to a Tuesday filing with the Australian bourse.Completion is expected on June 15, after which the company will take full operational control and implement a restructuring projected to contribute around AU$600,000 to AU$800,000 in pro forma earnings before interest, taxes, depreciation, and amortization in fiscal 2027, per the filing.The acquisition broadens Vinyl Media's presence in youth, entertainment, and culture-driven digital media, increasing its reach to about 53% of Australians online, the filing added.

ASX:NECASX:VNL
Asia

Australian Shares Flat; SRG Global Discloses AU$1.85 Billion of Contracts, Upgrades Fiscal 2026 EBITDA Outlook

Australian shares were again flat, with a negative bias, on Tuesday amid investor anxiety over the course of ceasefire negotiations between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,724.40.Media reports said that Iran had halted indirect negotiations with ​the US. US President Donald Trump said talks were moving forward at a rapid pace.Brent crude oil futures were trading above $94 per barrel.On the domestic front, Australia's Fair Work Commission approved a 4.75% wage increase.The country's seasonally adjusted company gross operating profits decreased 1.3% in the March quarter compared with the December 2025 quarter and rose 3.2% compared with the prior corresponding period, according to a report by the Australian Bureau of Statistics (ABS).Seasonally adjusted data revealed that the total number of dwellings approved in Australia fell 3.4% to 16,710 in April from 17,307 in the previous month, figures from the ABS showed.Australian consumer confidence rose 2.7 points in the week of May 25 to 31 to 68.8 points, its highest level since early March, according to ANZ Research. Despite the rise, confidence remains 17.5 points below the 2025 average.In company news, SRG Global (ASX:SRG) upgraded its fiscal 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors. The company raised its fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to the top end of its previously issued AU$164 million to AU$168 million range, while initiating fiscal 2027 EBITDA guidance of between AU$190 million and AU$200 million.Tasmea (ASX:TEA) struck a deal to acquire specialist electrical contractor Maxim Group Australia for up to AU$254 million. The company said Maxim has an identified pipeline in excess of AU$1.3 billion, which provides full revenue visibility for fiscal 2027 and about 85% revenue visibility for fiscal 2028.Nine Entertainment Co. Holdings (ASX:NEC) completed the sale of its regional television assets, NBN and Nine Darwin, for a total cash consideration of AU$20.5 million, converting them from wholly-owned businesses to affiliates to be owned and operated by WIN Network.

ASX 200ASX:NECASX:SRGASX:TEA
Asia

Advertising Spending in Australia Falls in April, Jefferies Says

Advertising spending in Australia fell nearly 12% year on year to AU$634 million in April based on Standard Media Index data, compared with the same period last year, when ad spend was boosted by the federal election, Jefferies said in a Monday note.The market decline was 5.5% year on year, excluding the impact of the federal election.Outdoor advertising proved to be the "most defensive" ad category, with underlying figures up 0.8% year on year, as billboard and street furniture segments grow.The positive outdoor trend should alleviate concerns about the outlook for Nine Entertainment Co.'s (ASX:NEC) recently acquired billboard business, QMS, which is expected to hit double-digit growth in the fourth quarter of the year, Jefferies said.Additionally, there were reports suggesting Foxtel may partner with Seven or Ten to bid for the National Rugby League broadcasting rights, but Jefferies believes it is unlikely, with Seven broadcasting the Australian Football League and Ten facing financial pressure.

ASX:NEC
Asia

Nine Entertainment Completes AU$21 Million Sale of Regional Television Assets

Nine Entertainment Co. Holdings (ASX:NEC) completed the sale of its regional television assets NBN and Nine Darwin for a total cash consideration of AU$20.5 million, converting them from wholly-owned businesses to affiliates to be owned and operated by WIN Network, according to a Tuesday Australian bourse filing.Nine will also realize cash tax benefits through the crystallization of around AU$100 million of tax losses associated with these assets.WIN will broadcast Nine's content across Northern New South Wales and Darwin under a new affiliate agreement, the filing said.

ASX:NEC
Asia

Market Chatter: Nine Entertainment Faces Rival Bid From Foxtel for NRL Coverage, AFR Reports

Nine Entertainment (ASX:NEC) is facing a rival bid from competitor Foxtel for the National Rugby League's (NRL) streaming rights, as Foxtel has pitched for all the NRL rights, according to a Monday report by the Australian Financial Review, citing two people with knowledge of the negotiations.Foxtel has also spoken to Seven and Ten television networks about them broadcasting some of the games on free-to-air, the report added.Foxtel, which is a unit of UK-listed DAZN Group, will remove the Nine Network as an NRL broadcaster if its strategy succeeds, the report added.Foxtel cannot make a bid for NRL rights alone due to Australia's anti-siphoning laws, which are designed to prevent popular sports events from becoming entirely paywalled or fee-based, the report added.AFR added that the NRL is currently divided between the free-to-air Nine Network and Foxtel until the end of the 2027 season.Nine did not immediately respond to' email request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NEC
Asia

Nine Entertainment Relaunching Online Platform With Simplified Presentation

Nine Entertainment (ASX:NEC) is relaunching its online gateway, shifting away from a fragmented platform toward a "cleaner" presentation focused on the six areas of news, sport, lifestyle, travel, entertainment, and shopping, according to a Monday statement.The re-launch includes a new app that rolls 9News into a nine.com.au-branded app, and will also feature a range of premium content, including video podcasts.As part of the initiative, 9Honey will be folded into the lifestyle domain, while wwos.com.au will fall under sport but still contain Wide World of Sport and Stan Sport branding. All of the 9Network's current television programming will continue to have its own sites under a TV pillar."The move to a single domain will allow Nine to quickly launch focused micro-newsletters for major events, such as federal elections, budgets, and cultural moments, and innovate with products that allow for deeper brand integration," the company said.

ASX:NEC
Asia

Nine Entertainment Gains Exposure to Resilient Outdoor Ad Market Via QMS Deal, Says Jefferies

Nine Entertainment's (ASX:NEC) acquisition of QMS Media gives the company exposure to a more resilient advertising medium, outdoor or out-of-home advertising, Jefferies said in a note on Tuesday.Banking on the deal and streamlining efforts taken by Nine Entertainment, such as the divestment of radio assets and the conversion of its wholly owned regional television station into an affiliate, the investment firm reinstated coverage of the company.The outdoor industry has seen revenue grow by around 9% over more than a decade, while outdoor ad spending by companies has declined roughly 3.3% year-to-date compared with a 9.2% fall in the broader ad market. Jefferies added that QMS, with its high-quality asset base, offers some buffer against the cyclical nature of the ad market.In television, Nine Entertainment is seen gaining share as its competitor Seven West Media undergoes structural changes, including a merger with SXL and board changes.Jefferies brought back its coverage with a buy rating and a price target of AU$1.30.

ASX:NEC
Research

Jarden Upgrades Nine Entertainment to Buy from Overweight, Adjusts Price Target to AU$1.15 from AU$1.30

Nine Entertainment (ASX:NEC) has an average rating of overweight and mean price target of AU$1.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:NEC
Asia

Nine Entertainment Reports Low Single-Digit Total TV Revenue Growth in Fiscal Q3, Softer Start to Fiscal Q4

Nine Entertainment (ASX:NEC) said total TV revenue for the fiscal third quarter recorded growth in the low single digits compared with the third quarter of fiscal year 2025, according to a Tuesday Australian bourse filing.The company said that the fiscal fourth quarter has started on a softer note, reflecting short-term overall market conditions and the cycling of the Federal election, which boosted April.Nine now expects total television costs in fiscal year to be down in the mid-to-high single digits compared with the fiscal year 2025 on a continuing business basis, integrating high-margin revenue from QMS, the filing added.At Stan, Nine expects the positive momentum of the fiscal first half to continue, with further strong earnings before interest, taxes, depreciation, and amortization (EBITDA) growth projected in the second half, while Nine Publishing recorded fiscal Q3 digital subscription revenue growth of 15%, with positive momentum continuing into the fiscal Q4, the filing added.The company's shares rose 1% in recent Tuesday trade.

ASX:NEC
Asia

Nine Entertainment Completes Sale of Broadcast Radio Assets to Laundy Family Office for AU$56 Million

Nine Entertainment (ASX:NEC) completed the sale of 100% of its broadcast radio assets to the Laundy Family Office for a cash and debt-free enterprise value of AU$56 million, as well as a future cash tax benefit of AU$51 million, according to a Thursday Australian bourse filing.The company said it expects Laundy to remain a long-term partner, with the Laundy Group intending to utilize Nine News journalists on radio, showcase Stan Sport through Laundy venues, and provide promotion, advertising sales collaboration, and increased advertising spend on Nine properties.Nine said it retains a "growing presence" in the digital audio market through podcasts, text-to-audio, and vodcasts, leveraging its video production and distribution capabilities, with monetization through its existing sales teams both on-platform via 9Now, Stan, and publishing mastheads and off-platform.

ASX:NEC
Asia

Nine Entertainment Shares Slide After Australian Government Opens Consultation on News Bargaining Incentive

Nine Entertainment (ASX:NEC) shares fell nearly 1% in recent Tuesday trade after the Australian government opened a consultation on draft legislation to establish a News Bargaining Incentive, a policy framework designed to force major digital platforms like Meta, Google, and TikTok to pay for Australian news content.Nine Entertainment is the publisher of The Australian Financial Review and has a current commercial agreement with Google, according to an AFR report.In a Tuesday statement announcing the consultation, the government said it encourages digital platforms to enter commercial deals with news publishers "as the preferred model." However, platforms who decide not to do so will be required to pay a charge as a proportion of their revenue, with the collected levies distributed back into the news media sector.The initiative, which comes after Meta said it would not renew its commercial deals, proposes a 2.25% tax on the revenue of tech companies that do not negotiate agreements, AFR reported.Submissions on the government's consultation close on May 18.

ASX:NEC
Asia

Nine Entertainment Secures Five-Year Netball Broadcasting Rights Deal

Nine Entertainment (ASX:NEC) has signed a new five-year partnership with Netball Australia, securing broadcast and streaming rights to Suncorp Super Netball, all Australian Diamonds matches, and the Netball World Cup Sydney 2027 from Jan. 1, 2027, according to a Thursday statement."We're building a portfolio around the sports Australians care most deeply about, and netball belongs in that company," said Nine Entertainment's Managing Director, Streaming and Broadcast, Amanda Laing.

ASX:NEC