PBL Media

Infobox_Company
company_name = PBL Media Holdings Pty Ltd
company_
company_type = Joint Venture
company_slogan =
foundation = 2006
location = Sydney, Australia
key_people = Ian Law (CEO)
James Packer
num_employees =
industry = Media
revenue =
products = Television, Print Media
homepage = [http://www.pblmedia.com.au pblmedia.com.au]

PBL Media is a joint venture between Consolidated Media Holdings and CVC Asia Pacific. Originally ownership of the joint venture was 50/50, however in June 2007, PBL announced that it would sell a further 25% to CVC for $AUD 515 million.PBL Press Release (June 1, 2007): [http://pbl.com.au/Images/Document/PBL%20SELLS%20A%2025%20PERCENT%20INTEREST%20IN%20PBL%20MEDIA%20TO%20CVC.pdf] ] In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately $AUD526 millionPBL Press Release (September 5, 2007): [http://www.pbl.com.au/firb_confirms_no_objection_to_cvcs_further_25_in_pbl_media.htm] ] .

Under a recent split of PBL into two companies, the PBL Media formerly held by PBL is now held by Consolidated Media HoldingsPBL Press Release (May 8, 2007): [http://pbl.com.au/Images/Document/PBL%20ANNOUNCES%20SPLIT%20INTO%202%20SEPARATE%20LISTED%20COMPANIES.pdf] ] .

Assets

*Australian Consolidated Press
*carsales.com.au (50.6% stake)
*myhome.com.au (48.75% stake)
*Ninemsn (50% stake)
*Sky News Australia (33% stake)
*Nine Network
**TCN Sydney
**GTV Melbourne
**QTQ Brisbane
**NTD Darwin
*NBN Television
*Darwin Digital Television (50% stake)
* Ticketek
* Acer Arena

History

PBL Media was established in October, 2006, when Publishing and Broadcasting Limited transferred its media interests, including the Australian Consolidated Press, Nine Network, and ninemsn, to the new business - a joint venture between PBL and CVC Asia Pacific. The recapitalisation was announced on October 18, 2006.

John Alexander, Chief Executive Officer of PBL, was announced as the Executive Chairman of PBL Media, along with Ian Law as CEO and Pat O'Sullivan as Chief Financial Officer. The company's current directors are John Alexander, James Packer, Ian Law, Chris Anderson, Martin Dalgelish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs.

References

External links

* [http://www.pblmedia.com.au PBL Media website]