×

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

  • Lionsgate CEO Jon Feltheimer

    Starz Nears Realignment: Why Lionsgate Won't Hire a CEO to Replace Chris Albrecht

    Nearly six months after Starz CEO Chris Albrecht exited in February, Lionsgate brass is moving closer to a revamp of the premium TV network’s executive structure. According to insiders, at least one thing is clear: Albrecht is not expected to be replaced as CEO. Instead, Lionsgate chief executive Jon Feltheimer is taking a more active [...]

  • Movie Ticket Subscriptions

    As MoviePass Fades, Theaters Fall In Love With Subscription Services

    MoviePass may be cratering, but movie theater subscriptions are here to stay. AMC and Cinemark already operate their own online ticketing services. And by the end of July, Regal Entertainment is expected to unveil a subscription plan for customers accustomed to getting all manner of entertainment for a monthly fee. With ticket sales down more [...]

  • John FordNPact Awards, Show, Los Angeles,

    John Ford to Exit as Head of Unscripted Producers Trade Association NPact

    John Ford has stepped down as general manager of NPact, the trade association that represents unscripted TV producers. Ford is exiting the post he’s held since 2015 because of the potential for conflicts of interest arising from his role as head of programming for digital multicast outlets Justice Network and Quest Network. The channels were [...]

  • Woodstock 50 Applies for Vernon Downs

    Woodstock 50 Applies for Vernon Downs Permit Yet Again

    For better or worse, Woodstock 50 isn’t giving up on Vernon Downs, despite being rejected twice already: The producers have applied for another permit to hold the festival at Vernon Downs, according to the Utica Observer Dispatch. Town Attorney Vincent Rossi confirmed the application was submitted Wednesday. This is the festival’s third application; previous applications [...]

  • Bert and Ernie

    Sally Field, Linda Ronstadt and 'Sesame Street' Among 2019 Kennedy Center Honorees

    Sally Field, Linda Ronstadt, “Sesame Street,” conductor Michael Tilson Thomas and R&B veterans Earth, Wind and Fire have been selected as the 2019 Kennedy Center Honorees. The kudos will be handed out Dec. 8 at the Kennedy Center Opera House in Washington, D.C. The award to “Sesame Street” marks the first time the prestigious laurel [...]

  • Jeffrey Epstein

    Jeffrey Epstein Denied Bail in Sex Trafficking Case

    Jeffrey Epstein, the high-living financier who partied and traveled with Hollywood stars and world leaders, has been denied bail. The multimillionaire businessman is accused of sexually abusing underage girls as young as 14 years old and collecting child pornography. Prosecutors argued successfully that Epstein’s wealth made him a serious flight risk. He faces up to [...]

  • AWAL Names Bianca Bhagat as Senior

    AWAL Names Bianca Bhagat as Senior VP, Synch & Brand Partnerships

    AWAL, Kobalt’s recorded music company, announced the hiring of Bianca Bhagat as senior vice president, synch & brand partnerships. Based in Los Angeles, she will oversee AWAL’s global synch & brand partnerships team, pursuing creative marketing opportunities for the AWAL roster, according to the announcement. Most recently with Glassnote, leading the Film and TV department [...]

More From Our Brands

Access exclusive content