Media Wrap: Ten/Fairfax tie-up mooted; Seven and Presto to join forces; Bollore makes play for Havas

By AdNews | 20 October 2014

Fairfax and Ten merger rumours

Those whispers about Ten and Fairfax merging are getting louder, with The Australian saying Ten CEO Hamish McLennan and Fairfax CEO Greg Hywood recently had a secret meeting in the offices of Citigroup.

The paper said sources indicated there was no guarantee that Fairfax would make a bid for the broadcaster, but if it were to go ahead it would create a media company worth about $2.3 billion with revenues reaching $2.5 billion.

Such a merger would  perhaps be going against the grain given Fairfax and Nine Entertainment have been growing closer in recent times.

They recently agreed to jointly invest $100 million in a delayed, ­subscription-based online streaming service dubbed StreamCo.


Seven, Presto rush for a deal as Netflix looms


Seven and Foxtel are thought to be in talks about combining forces as Netflix looms on the horizon.

The Australian Financial Review has reported the pair are close to striking a deal to use Network Seven content to beef up the offering of Foxtel's $9.99 streaming movie offering, Presto.

With free-to-air players traditionally dismissive of pay TV's reach, the alliance would be aimed square at muting the potential entry of overseas player as such as Netflix into the Australian market.

The paper speculated Netflix could make an appearance in the Australian market as soon as March or April next year.

 

Bollore makes play for Havas

French billionaire Vincent Bollore is to launch a share-exchange offer to gain majority control of advertising group Havas.

The Financial Times has confirmed that Bollore is launching a share-exchange offering which would net Bollore at least 50% of the worldwide media group.

Analysts have speculated the possible play could bring Havas closer to Vivendi, which Bollore also has a stake in.


However a source close to Bollore reportedly dismissed the notion of any sort of tie up between the two French companies.

 

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