You will be redirected back to your article in seconds

No. 42: Publishing and Broadcasting Ltd.

Sydney, Australia

Revenue: $1.283 (estimated)

Profit: $156 million (estimated)

Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force.

PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. Magazine division Australian Consolidated Press is Oz’s premier magazine publisher.

Company controls Crown Casino in Melbourne; Papua New Guinea’s sole broadcaster, EMTV; 80% of Internet investment company Ecorp; a 21% stake in Hollywood’s New Regency; 25% of leading pay TV operation Foxtel; 50% of Fox Sports; 33% of Sky News Channel Australia; 50% of Acxiom; and leading Oz Web site NineMSN, a joint venture with Microsoft.

Packer’s return to the helm after protracted illness reassured analysts who had become wary after the resignation of CEO Nick Falloon and James Packer’s $200 million loss in collapsed telco OneTel resulted in the company’s lowest share price in two years. The revitalized elder Packer has assured the market that his company will invest only in traditional businesses.

PBL is poised to announce a new film distribution division charged with handling feature films produced by Nine Films and Television. One of a planned five-feature slate is in production, “Dirty Deeds,” starring Bryan Brown and Toni Collette. Division will work closely with Hoyts exhibitors, wholly owned by Packer’s private company Consolidate Press Holdings.

One of new CEO Peter Yates’ first tasks was overseeing PBL’s withdrawal from a joint venture with Indian telco HFCL.

Hit hard by a soft advertising market in 2001, Nine is hoping for a ratings bonanza with Endemol reality skein “Chains of Love,” new female-skewed local drama “McLeod’s Daughters” and AFL Aussie rules football in 2002.

More Biz

  • Reliance Industries chairman Mukesh Ambani

    Mukesh Ambani's Reliance Industries Takes Stake in Eros International

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

  • George Clooney Amal Clooney

    George and Amal Clooney Donate $500,000 to Parkland Students' March for Our Lives

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

  • Hong Kong Disneyland Proclaims Recovery, as

    Hong Kong Disneyland Proclaims Recovery as Losses Deepen

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    Sydney, Australia Revenue: $1.283 (estimated) Profit: $156 million (estimated) Despite a tumultuous year, Kerry Packer’s Publishing and Broadcasting Ltd. (PBL) remains Australia’s biggest media company and a dominant entertainment force. PBL’s Nine Network is the country’s top rating web, though by reduced and insecure margins after the introduction of new ratings provider OzTam in 2001. […]

More From Our Brands

Access exclusive content