Consolidated Media Holding (CMJ)

Shares / Stock Code

CMJ

Stock Exchange / Sharemarket

ax

Consolidated Media Holding (CMJ) is a media investment company. It is actively involved in the business of gaming and entertainment, television broadcasting and program production, magazine publishing and distribution and investments in the Internet, subscription television, and other media and entertainment sectors. CMJ is not meant to operate or manage any businesses rather it invests in new and traditional media. The Company listed on the ASX on 4 of June, 1987. The company operates through four divisions: gaming, television, publishing, and ticketing and events. Gaming segment focuses on gaming and entertainment facility. Television segment deals with commercial television stations. Publishing segment is involved in magazine publishing and distribution. Ticketing and events segment provides entertainment venue and event ticketing. CMJ announced the closure of the sale of its 50% interest in the Hoyts Group to funds advised by Pacific Equity Partners in December 2007. The Company demerged its gaming and media into two separate companies in December 2007. The Company was acquired by Crown Limited on December 10, 2007.

CMJ encompasses a strategic portfolio of key media businesses, comprising 25% of FOXTEL, a leading subscription television business of Australia, 50% of subscription television content provider The Premier Media Group, owns 26.4% of the nation’s number one online employment business, SEEK and 25% of PBL media consisting of ACP Magazines, the Nine Network, NBN, Ticketek, Acer Arena. CMJ has 33.33% interest in Sky News, a 50% interest in ninemsn, a shareholding in carsales and a 48.75% interest in myhome.com.au.

Consolidated Media Holding History

On 30 November 2007, Consolidated Media Holding (CMJ) was created as a result of the demerger of PBL into two businesses, a gaming business (Crown) and a media business (CMH). Before this, PBL had been the Australia's largest diversified media and entertainment groups. It was among the top 25 companies listed on the Australian Stock Exchange with a market capitalisation of more than $11 billion. The group was primarily focused on the investments in gaming and entertainment, with strategic investments in television production and broadcasting; magazine publishing and distribution; and key digital media and entertainment businesses.

PBL was the owner of two of Australia’s leading gaming and entertainment complexes, Crown Melbourne and Burswood in Perth. In 1994 Publishing and Broadcasting Ltd was founded and Nine Network Australia and Australian Consolidated Press were merged the same year. The combined businesses were renamed as Publishing and Broadcasting Ltd. In 1999, PBL merged with Crown Ltd and acquired Burswood Ltd in 2004. It purchased Burswood International Resort Casino in 2004 and signed a joint venture with a major Hong Kong listed company, Melco International Development, to pursue new gaming ventures in Asia. In May 2007, PBL announced its decision of demerger into two separate entities - a gaming business (Crown) and a media business (CMH). This demerger took effect on Friday 30 November 2007 following the shareholder approval.