Media Wrap: Foxtel eyes Apple TV rival; Media reform set for cabinet

By AdNews | 22 February 2016

Foxtel to launch Apple and Telstra TV rival

Foxtel plotting the launch a product to rival Apple and Telstra TV, according to The Australian Financial Review.

Foxtel CEO Richard Freudenstein refused to confirm the rumour but noted that maximising its distribution platforms was very important to the company.

The AFR also notes that Foxtel's online streaming service Foxtel Play does not appear on Telstra TV, with it thought it could feature on Foxtel's own competing service once it is launched.

Olympic Games and election coverage to boost ad market

Media buyers have told the AFR that 2016 has been a “soft” and volatile market for advertising, with many spooked by the volatility in the global financial markets.

However Denstu Aegis chief executive Simon Ryan has said the Olympic Games and the federal election is likely to boost media billings.

Media reform set for cabinet

The government media reform laws are expected to be put to cabinet, according to reports in The Australian.

The laws are thought to include changes to the reach rule and cross-media ownership laws, but won't make any mention of anti-siphoning rules around sporting broadcast.

It is also believe that the changes will include measures to protect local content, which has been a contentious issue in the industry in the lead up.

Should cabinet approve the proposal, legislation will be tabled in parliament on the week starting March 15.

Fairfax under pressure to spin-off Domain

Fairfax is increasingly under pressure to spin off its Domain property business, after concerns about its publishing division, according to The Australian.

The media group saw shares slump by 3.6 percent on Friday following its earnings report, however the Domain business' earnings surged by 74%.

Wilson Asset Management portfolio manager Matthew Haupt says that the market isn’t reflecting the value of the Domain business, meaning Fairfax will be forced to look at options to realise that value.

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