Media Wrap: What's next for David Gyngell? News Corp and Foxtel soften their approach on media reform

Sarah Homewood
By Sarah Homewood | 19 October 2015

What's next for David Gyngell?

With just a year left to go on his contract, as of 1 November, The Australian is speculating how long David Gyngell will stay on at the helm of Nine. The paper is reporting that despite having time left, Gyngell is set to leave by Christmas, with rumours circulating that he may stay on until next year but just in a part time capacity until Nine can find a replacement.

News Corp and Foxtel soften their approach on media reform

News Corp and its pay-television venture with Telstra, Foxtel, have softened their approach to the federal government on media reform amid growing signals in Canberra that the Prime Minister Malcolm Turnbull is determined to abolish outdated media laws, The Australian Financial Review is reporting. The paper is saying that one industry source said the issue of media reform had "come forward light years" since the ousting of former Prime Minister Tony Abbott. However, support from News Corp and Foxtel for a package would risk leaving Seven West Media isolated among media companies in not backing the abolition of the "two out of three" and "reach" rules, which limit further consolidation between traditional media players.

What media buyers want from TV upfronts

The AFR is reporting that media buyers are looking for strong local television programming, and a focus on viewing over television, mobile and online, heading into the free-to-air broadcasters' annual upfronts. Seven West Media will kick off the upfronts season this Wednesday with what it has labelled its "new fronts" and Carat chief executive Simon Ryan told the AFR he expects to see the conversation turn from traditional TV to premium video content across all platforms, as Seven begins streaming its TV channels in December.

Spotify says protests are shrinking

Also in the AFR, Spotify has claimed the number of artists protesting at its royalty rates is shrinking rapidly because acts are beginning to generate meaningful income from the growing streaming phenomenon. Spotify's chief revenue officer Jeff Levick told the AFR: “We've paid back billions of dollars into the music industry," he said."In our view, this is a revenue line that was decreasing, not increasing. We feel very strongly about what we're doing.”

More voluntary redundancies at Fairfax

The Australian's Media Diary is reporting that soon there will be a new round of voluntary redundancies at Fairfax. Sources have told the dairy that this latest round is likely to commence this week, with another round to also take place next year.

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