Media Wrap: Rinehart sues; Holleran defiant; News to take on Sky; Clemenger hits out at foreign raiders.

By AdNews | 2 March 2015

Rinehart to sue over House of Hancock

Despite changes to the program, Gina Rinehart will still seek defamation charges against Nine over the House of Hancock program.

The mining magnate has filed documents in the NSW Supreme Court alleging defamation, according to The Australian.

This is despite legal wrangling before the second episode of the mini-series aired, with several edits made to avoid possibly defamatory content from being shown.

I'm not going anywhere: Holleran

On the back of appointing a new chairman for the beleaguered Southern Cross Media and overseeing a 24.5% slump in net profits, CEO Rhys Holleran has declared he's going nowhere.

Giving an interview with the Australian Financial Review, Holleran said he was confident he could turn the company around.

“I've been chief executive of this company in different forms for 18 years … I love this business. I'm not going anywhere,” Holleran said.

News ready to take on Sky

Should a proposed acquisition of Australian News Channel not go ahead, News Corp is prepared to strike out on its own with a rival news service on Foxtel.

The Australian, which is owned by News Corp, has reported News Corp would launch its own news service should the deal not go ahead.

News Corp is attempting to buy out BSkyB, Seven Media Group, and Nine Entertainment Company out of their stakes for a reported $25 million.

Clemenger hits out at foreign raiders

Advertising group Clemenger, on the back of booking a 10% rise in net profit after tax to $40.01 million, has warned rival foreign groups from trying to play in Australia.

“Australia can be a graveyard for multinational agencies, especially if they try to run it from Singapore or New York,” executive chairman Robert Morgan told the Australian Financial Review.

Morgan also said there was too much doom and gloom in the Australian market, and said those calling the demise of broadcast television were overreacting.

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