Publishing and Broadcasting Limited

Publishing and Broadcasting Limited, PBL short, was one of Australia's largest media company based in Sydney. The company was 50 (code: PBL ) as one of Australia's leading companies in the ASX stock index traded on the Australian Securities Exchange and part of Standard & Poor's S & P Global 1200.

In November 2007, the company into a media part, the Consolidated Media Holdings and a region of gambling, the split was Crown Limited, both companies are included in the S & P / ASX 50 index.

James Packer, Australia's richest man and son of the late media entrepreneur Kerry Packer, was by his company Consolidated Press Holdings Limited ( CPH Ltd.). Principal shareholder of Publishing and Broadcasting Limited. The company had a value of 3.5 billion Australian dollars (AUD) and 8,271 employees.

History

The Australian Consolidated Press ( ACP) was established in 1933. When television was introduced in Australia in the 1950s, the ACP received a broadcasting license in Sydney. Your television station, TCN -9 Sydney, took 1956 as the first television station in Australia broadcasting on. The first words of Bruce Gyngell were: " Good evening, and welcome to television" ( German: "Good evening and welcome to television." ).

1960 took over the ACP the TV channel GTV -9 Melbourne and became the first television network in Australia, the National Television Network ( NTN ), which later became The Nine Network was. Kerry Packer sold the Nine Network in 1987 to the entrepreneur Alan Bond, who expanded the network to the sender QTQ -9 Brisbane and STW -9 Perth. Three years later, in 1990, bought the Packer network at half the price of the sales amount back.

Publishing and Broadcasting Limited was founded in 1994 by the merger of the Nine Network Australia and the Australian Consolidated Press (ACP).

In the late 1990s, the PBL lost millions in an attempt to take with India in India Nine foot. The plan was to be one of the leading television providers in India; the plan was dropped a few years later. It was only when the program windows on two channels of the Indian television channel Doordarshan.

1999 Crown Limited merged with PBL and the online division of PBL, eCORP, was recorded in the Australian stock index ASX; eCORP was later privatized and excluded from trading. In 2002, PBL with Prime Television a contract for a 50 percent stake in the New Zealand Prime NZ.

2004 bought the PBL the Burswood Casino in Perth, took 50 percent stake in the cinema group Hoyts Cinemas and at West Australian Newspapers; Hoyts Cinemas previously belonged Packers private company Consolidated Press Holdings Ltd. , Which sold Papua New Guinea's only television network EM- TV on Fiji Television in the same year.

On 18 October 2006 James Packer announced the sale of 50 percent of the media holdings of PBL for the equivalent of 4.5 billion Australian dollars in order to concentrate on the gambling business can. For sale include the Nine Network and its 50 percent stake in NineMSN.

The PBL is currently involved in two casino projects in Macau: the Crown Macau, with a value of 260 million Australian dollars ( completed in July 2006 ) and the City of Dreams worth 1.4 billion Australian dollars. Both projects are joint venture with Melco, a company in Macau.

In March 2006, PBL announced that they ( 1.2 billion Australian dollars ) invested in the purchase of a casino sub- concession of Wynn Resorts 900 million U.S. dollars in order to allow the Melco PBL joint venture law, the to record casino operation.

The contribution of Publishing and Broadcasting Limited to this undertaking was the largest ever investment by an Australian company.

In May 2007, PBL announced that a division in the company Crown Limited and Consolidated Media Holdings is to take place. In November 2007, the division was decided by the shareholders and effective at the end it the same month.

Investments

PBL Media

PBL Media is a joint venture between PBL and CVC Capital Partners (CVC Asia Pacific). It was founded in October 2006, when PBL his media holdings (among the Australian Consolidated Press, the Nine Network and the Internet news platform NineMSN ) auslagerte. The recapitalization was announced on 18 October 2006.

Originally the shareholdings of both companies were 50 percent. In June 2007, however, PBL announced its intention to sell 25 percent of its investments for 515 million Australian dollars ( AUD) to CVC. Assuming a division of PBL into two separate companies, the remaining interest of PBL to PBL Media future is managed by Consolidated Media Holdings.

The current management of PBL Media is John Alexander ( CEO), James Packer, Ian Law (CEO ), Chris Anderson, Martin Dalgelish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs. The CFO is Pat O'Sullivan ( CFO). For PBL Media includes the following companies (as of September 2007):

  • Acer Arena (100 percent participation)
  • Australian Consolidated Press ( ACP)
  • Carsales.com.au ( 50.6 percent stake)
  • Myhome.com.au ( 48.75 percent stake)
  • NBN Television
  • Nine Network TCN -9 Sydney
  • GTV -9 Melbourne
  • QTQ -9 Brisbane
  • NTD -8 Darwin
  • NineMSN (50 percent participation)

PBL Enterprises

  • Foxtel (25 percent participation)
  • Hoyts Cinemas (50 percent participation)
  • Premier Media Group ( 50 percent participation)
  • Seek Limited ( 25 percent participation)

Other investments ( gambling )

  • Burswood Entertainment Complex, Perth
  • City of Dreams, Macau
  • Crown Casino, Macau
  • Crown Casino, Melbourne

Previous shareholdings

  • Participation in EM- TV, Papua New Guinea
  • Participation in Prime Television New Zealand (50 percent); Sold in 2006 at Sky Network Television
Alan Bond (businessman) October 18 Sydney Super Dome
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