Cleo ran at a loss for years
Bauer Media interim CEO Andreas Schoo has told The Australian that the recently closed Cleo Magazine ran at a loss for years. He also says despite closing the young women's title the publisher is looking to invest more into content for the demographic, even opening new titles or digital properties to cater for the audience.
TV Networks to get license fee cut?
The Department of Communications has recommended the Turnbull government cut the free-to-air(FTA) industry's $153 million annual licence fees, according to the Australian Financial Review (AFR). The Fairfax publication says it has learnt communications minister Mitch Fifield has received advice from government officials this month following a review recommending the FTA TV industry be given "relief from its licence fees".
Cricket rights battle looming
Also in The Australian, Nine and Ten are set to battle it out to retain the broadcast rights to the cricket, with cricket's governing body considering bringing forward negotiations to make the most of the success of the Big Bash League. Cricket Australia inked a seven-year deal with Channel Nine in 2005 and extended it for a further five years in 2013.
McCabe quit over 'culture clash' at Bauer
Also in The AFR, sources say former editor of The Australian Women's Weekly, Helen McCabe, wanted to leave the magazine six months before she did. McCabe agreed to leave the business after the magazine's German owners, Bauer Media, became aware of her feelings. Former advisor at The Weekly, Trevor Kennedy, told the AFR Bauer's executives wanted to replicate their strategy of "high-circulation European magazines, filled with cheap, mediocre content and little advertising, which made a good profit because they operated in much bigger population centres than Australia".
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