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CMJ Overview

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Latest CMJ news

Telstra’s Asian strategy

OCT 31, 2012

Telstra is reported to have considered a bid for Consolidated Media Holdings (ASX: CMJ) but the ACCC kyboshed the deal, most likely because it would have taken Telstra’s stake in Foxtel to 75%, and a 50% share in Fox Sports. Telstra already owns one of the nation’s largest media portfolios, with its existing 50% stake in Foxtel, Yellow and White Pages and a suite of BigPond websites and products. The portfolio is estimated to be worth up to $5 billion, according to the AFR.

8556844

ALSO MENTIONS

ASX, CMJ, NWS, TLS, AFR, SVW

Packer signs off with a smile

OCT 12, 2012

The ACCC opposed Seven Group getting hold of 50% of Fox Sports and that paves the way for News Corporation (ASX: NWS) to complete its takeover of Consolidated Media Holdings (ASX: CMJ), in which Packer holds 50%. Following the ACCC’s decision, Seven Group Holdings (ASX: SVW) has now said that it will vote its 25% holding in favour of News Corp’s offer at the shareholders meeting at the end of this month.

8547075

ALSO MENTIONS

ASX, CMJ, CWN, NWS, TEN, SVW

FN Arena Broker Call Headlines - 12 Oct 2012

OCT 12, 2012

RBS Australia rates as Upgrade to Buy from Hold (1) - Target $8.73 (was $8.50). With the ACCC shooting down Seven's bid for bid for Consolidated Media ((CMJ)), the broker notes the company has done a quick about face and now plans to accept a $3.45 per share bid on CMJ from News Corp ((NWS)). RBS thinks this is a brilliant move, noting the company will pocket about $475m in November. The price is good, debt levels will soon look so much better and the company's once Byzantine corporate structure will be more simplified. Forecasts are lifted, the target price rises and the recommendation is upgraded to Buy from Hold. More

8546945

ALSO MENTIONS

BXB, CMJ, ERA, HSP, IGO, NWS

+ MORE CMJ NEWS

Personal Finance: tips for trading shares

Sharemarket basics: A Numbers Game

Looking for shares to back? You'll need all the help you can get. Investing in shares can be something of a numbers game, especially when the financial press is peppered with mention of ratios such as "dividend yield" and "earnings per share". Sharemarket basics: How to Sell Shares

When you didn't buy your shares in the first place, it's difficult to know where to start when you want to offload them. Allison Tait finds out how best to sell, sell, sell! Learners guide: Investing Overseas

Investors looking to diversify their portfolio could explore the option of investing overseas - after all, the Australian sharemarket represents only a small percentage of the world's markets.

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