NEWS IN BRIEF: 22 February 2013

22 February 2013

Pulling the plug?
Sponsors of the Australian swimming team may walk away from deals following recent reports of unprofessional behaviour during last year's London Olympics.

Heavy losses
APN News & Media yesterday posted a net loss of $456m after tax. Only radio and outdoor operations posted positive revenue growth.

Bye Eye
Ten Network Holdings has completed the on-sale of the out-of-home Eye operations in the UK to Airport Partners at a cost of £3.3 million, plus working capital adjustments and transaction costs.

Disney deal
The Disney Channel will become available to all Foxtel subscribers as part of the Foxtel Essentials pack, after the two firms agreed a deal.  Walt Disney Studios Motion Pictures, Disney-Pixar and Marvel titles will also bolster the Foxtel Movies offering. The arrangement also includes new digital rights across all platforms including Foxtel Go.

Read all about it
Sydney brand and communications studio Frost* has spruced up Penguin Books unit Lantern's online identity and website.

New direction
Ben Godkin is Cycling Australia's new head of marketing and communications at Cycling Australia following a long stint in the saddle at News Ltd.

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