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Business Description: Consolidated Media Holdings Limited (CMJ) is a media investment company, investing in the pay television sector. The company has investment stakes in two leading media businesses: Foxtel and The Premier Media Group.
Strategy Analysis: Following its exit from non-core assets, CMJ´s primary strategy is to focus on its Pay TV investments, although its investment in SEEKAsia signals it will remain an opportunistic investor in selected assets.
Consolidated Media Holdings reported NPAT down 74% to $101.74m for the year ended 30 June 2011. The statutory result includes a non-recurring gain on property-related matters. Revenues from ordinary activities were $14.94m, up 12.9% from last year. Diluted EPS was 17.83 cents compared to 61.12 cents last year. Net operating cash flow was $126.16m compared to $65.92m last year. The final dividend declared was 6 cents, taking the full year dividend to 16.5 cents in line with 16.5 cents last year.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
Sydney Morning Herald 3/02/2012 | THE Telstra director Geoffrey Cousins has called on large shareholders in Fairfax Media to block Gina Rinehart from gaining a board seat.
Sydney Morning Herald 3/02/2012 | The publisher and direct marketer PMP has cut its earnings guidance and implemented further restructuring because of poor trading conditions and weaker printing orders. The news sent shares to a two-year low, down 4?, or 8.3 per cent, at 44?. Print markets in both Australia and New Zealand have suffered with existing customers using the services less, and intense competition for new contracts resulting in lower margins. Earnings before interest and tax, and before significant items, are now ...
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