We read the newspapers so you don't have to. Here's a brief wrap of what the major mastheads are reporting today:
First off is The Australian Financial Review which claims retail giant David Jones has snared six local and international brands from rival Myer, and signed exclusive supply agreements with another seven brands. Major names such as Givenchy, Alexander Wang and Talulah among those lured, the paper reported, following an interview with DJs boss Paul Zahra on its new Sunday TV show.
The AFR suggested this morning that Ten Network Holdings has secured the broadcast rights of the 2014 Winter Olympics in Russia. Ten coughed about $20 million for the rights and follows hot on the heels of its $500 million cash offer for the cricket broadcast rights for the next five years, according to the paper.
The Australian also has the lowdown on Ten's moves. It added that if boss Hamish McClennan does not secure the cricket rights, he will "force" Nine to pay a high premium. Nine pays about $45 million a year under the current seven-year deal, it said, which could be expanded to $80 million a year. The two firms are engaged in a bidding war which has started to turn nasty.
Elsewhere in The Aus, the head of Telstra's media business Rick Ellis is looking to create content agreements with the free-to-air TV networks to increase the penetration of its IPTV services. Ellis told the paper he was aiming for a target of one million T-Box IPTV devices in Australian homes by 2016.
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