Consolidated Media Holdings
Encyclopedia
Consolidated Media Holdings is an Australia investment company focused on subscription television.
CMH was formed following a name change by Publishing and Broadcasting Limited (PBL), and the PBL and Crown Schemes of Arrangement, in November 2007.
CMH has a 25 per cent interest in FOXTEL. CMH's stake in Foxtel
is held jointly with News Corporation
through the joint-venture vehicle Sky Cable Pty Ltd. The remaining 50% share of Foxtel
is owned by Telstra Corporation through the holding company Telstra Media Pty Ltd.
CMH has a 50 per cent shareholding in Premier Media Group (Fox Sports Australia, Fuel TV, How To Channel), with the other 50 per cent held by News Corporation.
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 Acer Arena
. In September 2007 CMH sold down a further 25% of their interest in PBL Media
to CVC Asia Pacific. This was followed in December 2008 with CVC Asia Pacific injecting over $300 million AUD into PBL Media
, which resulted in CMH's shareholding being diluted to less than 1% of the company.
bought a $100 Million stake in CMH, equal to 4.82% of the company.
On December 16 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 AUD. 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 approx. 13% shareholding in CMH, bringing Seven's total shareholding to approx. 18%. Within days CPH had increased its stake by approx. 1.5% to approx. 40%. On July 15th 2009 the Seven Network further increased their stake to approx. 19.5%
On August 25 2009 CMH announced the sale of 54 Park Street, Sydney (the long time Packer family HQ) to AMP Capital Investors
for $50 million.
On August 26 2009 CMH announced the sale of all shareholdings in Seek.com.au to institutional investors. Sale price was $5.05 per share.
About CMH
Consolidated Media Holdings (CMH) is a publicly listed Australian company (ASX:CMJ). Its two largest shareholders are Consolidated Press Holdings Limited and Seven Network Limited.CMH was formed following a name change by Publishing and Broadcasting Limited (PBL), and the PBL and Crown Schemes of Arrangement, in November 2007.
CMH has a 25 per cent interest in FOXTEL. CMH's stake in Foxtel
Foxtel
Foxtel is an Australian pay television company, operating cable, direct broadcast satellite television and IPTV services. It was formed in 1995 through a joint venture established between Telstra and News Corporation....
is held jointly with News Corporation
News Corporation
News Corporation or News Corp. is an American multinational media conglomerate. It is the world's second-largest media conglomerate as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009, although the BBC remains the world's largest broadcaster...
through the joint-venture vehicle Sky Cable Pty Ltd. The remaining 50% share of Foxtel
Foxtel
Foxtel is an Australian pay television company, operating cable, direct broadcast satellite television and IPTV services. It was formed in 1995 through a joint venture established between Telstra and News Corporation....
is owned by Telstra Corporation through the holding company Telstra Media Pty Ltd.
CMH has a 50 per cent shareholding in Premier Media Group (Fox Sports Australia, Fuel TV, How To Channel), with the other 50 per cent held by News Corporation.
CMH previously held a 50% interest in PBL Media
PBL Media
Nine Entertainment Co. is a media company owned by CVC Asia Pacific.Originally a 50/50 joint venture with Consolidated Media Holdings, in June 2007 PBL announced that it would sell a further 25% to CVC for A$ 515 million...
, with assets including the Nine Network
Nine Network
The Nine Network , is an Australian television network with headquarters based in Willoughby, a suburb located on the North Shore of Sydney. For 50 years since television's inception in Australia, between 1956 and 2006, it was the most watched television network in Australia...
, NBN Television
NBN Television
NBN Television is a television station based in Newcastle, New South Wales, Australia. The station was inaugurated on 4 March 1962 as the first regional commercial television station in New South Wales, and has since expanded to 39 transmitters throughout the northern half of New South Wales and...
, Sky News Australia
Sky News Australia
Sky News Australia is an Australian 24 hour cable and satellite news channel available in 2.5 million homes on Foxtel, Austar, Optus Television and Neighbourhood Cable subscription platforms....
, Australian Consolidated Press
Australian Consolidated Press
ACP Magazines , a subsidiary of the Nine Entertainment Co., is an Australian media company. It publishes the Australian Women's Weekly and the Australian edition of Woman's Day....
, NineMSN
NineMSN
ninemsn is an Australian 50/50 joint venture between Microsoft and Nine Entertainment Co.. It effectively acts as the website for both the Nine Network and MSN, and is one of Australia's most popular websites...
, CarSales, Ticketek
Ticketek
Ticketek is an Australian event ticketing company. Formed in 1979, the company is owned by Nine Entertainment Co. and operates ticketing operations for entertainment and sporting events in Australia, and New Zealand....
and Acer Arena
Acer Arena
The Allphones Arena is a large entertainment and sporting complex located in Sydney, Australia. It is situated in Sydney Olympic Park, and was completed in 1999 as part of the facilities for the 2000 Summer Olympics....
. In September 2007 CMH sold down a further 25% of their interest in PBL Media
PBL Media
Nine Entertainment Co. is a media company owned by CVC Asia Pacific.Originally a 50/50 joint venture with Consolidated Media Holdings, in June 2007 PBL announced that it would sell a further 25% to CVC for A$ 515 million...
to CVC Asia Pacific. This was followed in December 2008 with CVC Asia Pacific injecting over $300 million AUD into PBL Media
PBL Media
Nine Entertainment Co. is a media company owned by CVC Asia Pacific.Originally a 50/50 joint venture with Consolidated Media Holdings, in June 2007 PBL announced that it would sell a further 25% to CVC for A$ 515 million...
, which resulted in CMH's shareholding being diluted to less than 1% of the company.
Investor history
In early July 2008 the Seven NetworkSeven Network
The Seven Network is an Australian television network owned by Seven West Media Limited. It dates back to 4 November 1956, when the first stations on the VHF7 frequency were established in Melbourne and Sydney.It is currently the second largest network in the country in terms of population reach...
bought a $100 Million stake in CMH, equal to 4.82% of the company.
On December 16 2008, PBL Media
PBL Media
Nine Entertainment Co. is a media company owned by CVC Asia Pacific.Originally a 50/50 joint venture with Consolidated Media Holdings, in June 2007 PBL announced that it would sell a further 25% to CVC for A$ 515 million...
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 AUD. 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 approx. 13% shareholding in CMH, bringing Seven's total shareholding to approx. 18%. Within days CPH had increased its stake by approx. 1.5% to approx. 40%. On July 15th 2009 the Seven Network further increased their stake to approx. 19.5%
On August 25 2009 CMH announced the sale of 54 Park Street, Sydney (the long time Packer family HQ) to AMP Capital Investors
AMP Limited
AMP Limited is an Australian financial corporation. It operates primarily in Australia and New Zealand. AMP formed in 1849 as the Australian Mutual Provident Society, a non-profit life insurance company. In 1998 it was demutualised and listed on the Australian and New Zealand stock exchanges...
for $50 million.
On August 26 2009 CMH announced the sale of all shareholdings in Seek.com.au to institutional investors. Sale price was $5.05 per share.
Major shareholders
- Consolidated Press Holdings (45%)
- Seven Network LimitedSeven Network LimitedThe Seven Network is an Australian television network. In April, 2011, Seven Network, Pacific Magazines and Yahoo7! http://www.yahoo.com.au were acquired by West Australian Newspapers Ltd http://info.thewest.com.au/ratecard// to create Seven West Media Ltd http://www.sevenwestmedia.com.au/...
(22%) - Other shareholders (33%)