- Consolidated Media Holdings
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Consolidated Media Holdings 
Type Public (ASX: CMJ) Industry Media Founded November 30, 2007 Headquarters Sydney, Australia Website http://www.cmh.com.au Consolidated Media Holdings is an Australia investment company focused on subscription television.
Contents
About CMH
For pre-2007 company history, see Publishing and Broadcasting Limited.Consolidated Media Holdings (CMH) is a publicly listed Australian company (ASX:CMJ). Its two largest shareholders are Consolidated Press Holdings Limited and Seven Network Limited.
CMH was formed following a name change by Publishing and Broadcasting Limited (PBL), and the PBL and Crown Schemes of Arrangement, in November 2007.
CMH has a 25 per cent interest in FOXTEL. CMH's stake in Foxtel is held jointly with News Corporation through the joint-venture vehicle Sky Cable Pty Ltd. The remaining 50% share of Foxtel is owned by Telstra Corporation through the holding company Telstra Media Pty Ltd.
CMH has a 50 per cent shareholding in Premier Media Group (Fox Sports Australia, Fuel TV, How To Channel), with the other 50 per cent held by News Corporation.
CMH previously held a 50% interest in PBL Media, with assets including the Nine Network, NBN Television, Sky News Australia, Australian Consolidated Press, NineMSN, CarSales, Ticketek and Acer Arena. In September 2007 CMH sold down a further 25% of their interest in PBL Media to CVC Asia Pacific. This was followed in December 2008 with CVC Asia Pacific injecting over $300 million AUD into PBL Media, which resulted in CMH's shareholding being diluted to less than 1% of the company.
Investor history
In early July 2008 the Seven Network bought a $100 Million stake in CMH, equal to 4.82% of the company.
On December 16 2008, PBL Media issued a press release stating that the company's majority shareholder, CVC Asia Pacific, had refinanced debt facilities as well as injecting in excess of $300 million AUD. CMH stated that they would not be investing any further funds, and as such, CMH's 25% interest became diluted to a stake less than 1%.
In July 2009 the Seven Network purchased a further approx. 13% shareholding in CMH, bringing Seven's total shareholding to approx. 18%. Within days CPH had increased its stake by approx. 1.5% to approx. 40%. On July 15th 2009 the Seven Network further increased their stake to approx. 19.5%
On August 25 2009 CMH announced the sale of 54 Park Street, Sydney (the long time Packer family HQ) to AMP Capital Investors for $50 million.
On August 26 2009 CMH announced the sale of all shareholdings in Seek.com.au to institutional investors. Sale price was $5.05 per share.
- Consolidated Press Holdings (45%)
- Seven Network Limited (22%)
- Other shareholders (33%)
Assets
- Foxtel (25%)
- Premier Media Group (50%)
References
External links
Categories:- Companies listed on the Australian Securities Exchange
- Companies established in 2007
- Media companies of Australia
- Companies based in Sydney
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