Sydney - Macquarie Media Group said it plans to internalize its management, effectively removing Macquarie Group Ltd. as its manager. Macquarie Media plans to pay Macquarie Group A$40.5 million (US$37.2 million) for the management rights, and said it will simplify its corporate structure by converting to a single holding company. The media investment firm is also raising capital to pay down debt. For more than a decade, Macquarie has been buying up assets with large amounts of debt and spinning … [Read more...] about Australia: Macquarie Media Group restructure
restructure
STAR changes part of NewsCorp restructure
Hong Kong - The confirmed departure of STAR chief operating officer Laureen Ong is believed to be just the start of a wider restructure and realignment being considered by parent NewsCorp. Rumours of Ong's imminent departure had been circulating for at least two weeks, before an internal e-mail sent by Ong was construed by many as a farewell. July 14 saw STAR confirm the COO's mid-August departure, explaining that the operational units under Ong will now report directly to STAR chief executive … [Read more...] about STAR changes part of NewsCorp restructure
MTV rebuffs restructure rumours
Singapore – A spokesperson for MTV Asia has stated that the company is not going through a restructure exercise, and that “apart from (SVP) Ian Stewart’s plans to leave there are no other exits planned.” “On the contrary, we are building the business,” she continued. “Viacom Brands Solution (VBS) continues to operate as a distinct business unit. In addition to the pan-regional advertising service, we are adding a VBS Solutions service to best exploit … [Read more...] about MTV rebuffs restructure rumours
