MEDIABLAB NOVEMBER 28
November 28th 2007 05:05
From MediaBlab published via Factiva, compiled by Peter Olszewski
AUSTRALIAN FINANCIAL REVIEW ONLINE STRATEGY CANNED BY MEDIA BUYERS
The Australian reports that Fairfax Media chief executive David Kirk has defended the subscription-based strategy and pricing of afr.com, the website linked to The Australian Financial Review, in the face of moves by The Wall Street Journal to abandon a similar approach.
The relaunch of the website earlier this month retained the subscription strategy for all but a few stories and requires subscribers to pay an additional $45 per month, even if they already have a subscription to the newspaper.
Media buyers told The Australian that the price was too high and the decision to persevere with the subscription strategy left the newspaper out on a limb internationally.
Media buyer Harold Mitchell told The Australian, "That's not the way the internet is going. The trend is towards free content, supported by advertising."
ISRAEL GOVERNMENT APPROVES DRAFT OF NEW PRESS LAWS
The Israeli ministerial committee on legislative matters has approved the draft of a new press law.
Haaretz reports that the new law eliminates a number of anachronistic clauses, including the requirement that newspaper owners be over a certain age and hold a matriculation certificate.
But it also stipulates new requirements that newspaper proprietors may not like.
If the Knesset passes the law in its current form, publishers will be required to disclose in their newspapers detailed listings of their holdings in other corporations.
The new law, which was submitted by Interior Minister Meir Sheetrit, entirely supersedes the ‘antiquated’ legal framework that currently regulates media activity: the Press Order of 1933 and Defense Regulations 94-96 from 1945.
The requirement to receive an Interior Ministry license to publish a newspaper will now be cancelled, on the grounds that ‘the principle of freedom of speech calls for the elimination of the licensing requirement.’ The new law stipulates that every newspaper will be required to appoint an ombudsman, who will have to publish an annual report.
The demand that both editor and publisher not have a criminal record remains in place.
The law also states that if a newspaper's editor or publisher is convicted of a crime while serving in his post, the editor will cease to serve in that capacity within 30 days of being convicted and the publisher, within 60 days.
BANGLADESHI MEDIA ASKED TO REPORT ACCURATELY ON ALLEGED IRREGULARITIES IN CYCLONE RELIEF DISTRIBUTION
The Bangladesh Star reported that the countries law adviser Mainul Hosein asked the media to verify their sources while reporting on allegations of irregularities in relief distribution or regarding damage in Cyclone-hit areas.
"We have no problem if you write the truth. Write honestly," Mainul told reporters after a meeting with chiefs of news of different private satellite television channels.
Mainul also sought suggestions from the media for more effective rescue operation, relief distribution and rehabilitation work.
After the meeting Shah Alamgir, head of news of Ekushey Television, told reporters, "The adviser has asked us to refrain from exaggeration while reporting on casualties, damage and relief distribution, and to report solely on facts."
Among those who addressed the meeting were Nazmul Ashraf, news editor of Channel 1, Shykh Seraj, director of news of Channel i, ZI Mamun, news editor of ATN Bangla, Khairul Anwar Mukul, news editor of NTV, and Sujan Kabir, joint news editor of Bangla Vision.
SOUTH CHINA MEDIA TO LAUNCH JESSICA WEEKLY INSERT AS STANDALONE MAGAZINE
South China Media will move its Jessica Weekly from an inserted to a standalone magazine from December 26, and reposition the title as an upmarket guidebook to beauty, fashion and lifestyle.
Jessica Weekly, which has been distributed with infotainment magazine 3Weekly, will target affluent females aged between 25 to 35-years-old.
Joanne Ten, chief marketing officer for South China Media, told Marketing-interactive that the relaunched magazine will be the "weekly version of a very established monthly magazine, being Jessica" and published weekly, will allow advertisers to expose their brands at a higher frequency and reach.
The Jessica magazine franchise also includes Jessica Code.
NBC UNIVERSAL AND TIVO IN INTERACTIVE ADVERTISING DEAL
Reuters reports that NBC Universal will begin offering interactive advertising services and subscribe to a ratings service from TiVo. The agreement covers General Electrics 14 networks, including NBC, Telemundo and Bravo, as well as its 10 NBC-owned TV stations.
Advertisers that buy television commercials on those networks and television stations will have the option of adding an interactive component to those spots.
SOUTH AFRICAN MEDIA MAGAZINE TO GO ONLINE
Bizcommunity.com reports that South Africa’s Wag the Dog Publishers, publishers of The Media, eMedia, and Marketingweb is launching themediaonline.
The eMedia database of 15,500 opt-in subscribers will be amalgamated into the new offering, while the advertising base will be transferred to themediaonline. The site will be updated daily.
SRI LANKAN AIR STRIKE ON RADIO STATION CONDEMNED AS A “WAR CRIME”Sri Lanka military air strike today on the Voice of Tigers, the radio station of the Tamil Tiger rebels in the north of the country, was a "war crime," Reporters Without Borders said.
Three of the station's staff, who had not been given any warning, and six other civilians were killed in the bombardment by air force jets.
Reporters Without Borders said, “Voice of Tigers is a propaganda radio operated by the LTTE rebels, but the rules of war are clear: military bombardment and bombing must be limited to strictly military targets. The government in Colombo uses the Geneva Conventions to condemn LTTE crimes but forgets the conventions when it bombs what is a civilian installation and therefore protected by the conventions."
The air strike on Voice of Tigers took place in the afternoon and left a total of nine civilians dead (including three of the station's employees) and around 10 civilians wounded.
The bombing was carried out as the station was providing coverage of the annual War Heroes' Day ceremonies, which the LTTE observes in the regions it controls. According to Tamilnet, broadcasts were able to continue with the help of another clandestine transmitter.
The Sri Lankan military confirmed that the air force had destroyed the "clandestine Tiger terrorists radio station." Previous air strikes in October 2006 caused serious damage to the station and wounded two employees.
US MEDIA COULD BE ON THE BRINK OF THE DECADE’S SECOND DOWNTURN
GlobeandMail.com reports that the US. media industry could be on the brink of its second big downturn in a decade, which is likely to accelerate the split between fast-growing targeted ads and traditional media aimed at mass audiences.
Since the last ad bust in 2000-2002, big media has been trying hard to work with technological changes, including the rise of high-speed internet and the growth of portable digital media players like the iPod.
But the housing market crash is raising worries about an economic recession that could also hit media. Advertisers have to remain competitive in a tight market, while also keeping down costs, and may boost spending in areas more directly linked to commerce, a plus for Google and Amazon.com, but a minus for TV networks.
AUSTRALIA’S CONTROVERSIAL MEDIA WATCHDOG PROGRAM WILL CONTINUE NEXT YEAR WITH NEW HOST
Jonathon Holmes, a four-time Walkley Award finalist, 1998 Logie Award winner, and full-time reporter with ABC's Four Corners program since will replace Monica Attard as the host of the ABC’s Media Watch program next year.
According to The Australian, the British-born reporter is one of ABC TV's most experienced television journalists, having also worked on Foreign Correspondent and The 7.30 Report.
Attard's decision not to return to the program next year came a day after the program's executive producer, Tim Palmer, was appointed executive producer of Lateline and Lateline Business, sparking speculation about the show's future.
But ABC TV director of television Kim Dalton said Media Watch’s watchdog role makes a vital contribution to the Australian media landscape.
THE RACE NOW TRULY ON TO BUY UP AUSTRALIAN REGIONAL RADIO NETWORKS
Two media conglomerates have in the past week declared that they are keen to buy Australian regional radio networks.
Last week Prime Television ceo Warwick Syphers said he wanted to challenge Macquarie Media's regional radio dominance through radio purchases on the eastern seaboard, including the 2SM Supernetwork.
Prime recently established a network of rural stations in Queensland.
Yesterday, the John Singleton-controlled Macquarie Radio Network, said it too is keen to buy radio networks with a prominent regional presence, also including such Bill Caralis's 2SM Supernetwork.
It apparently wants to maximise its value return from multi-million-dollar salary bill for on-air staff.
Macquarie Radio chief executive Angela Clark told The Australian yesterday she was looking for a broader audience outside of Sydney for the company's content, through measures such as moving into regional radio and launching a national expansion of the company's new website, Livenews.com.au.
Clark told The Australian, "What I'm saying is that regional radio stations teamed with metro has some logic. We have from time to time looked at the possibilities of a regional network combined with a Sydney network. I think there are still some compelling arguments as to why that would be, you know, a good idea."
ZINGMOBILE TEAMS WITH NEWS CORP JOINT VENTURE ESPN STAR TO LAUNCH MOBILE PHONE SPORTS SERVICE IN MALAYSIA
Australian-listed Zingmobile informed the ASX today that it will team up with and ESPN STAR Sports to launch mobileESPN in Malaysia with Celcom, a leading Malaysian national cellular operator claiming 8 million subscribers.
MobileESPN is a mobile sports content service by ESPN STAR Sports, enabling sports fans to follow their favourite sports with content specially delivered via their mobile phones.
MobileESPN will operate as a premium content suite with customised original content, in the form of ‘live’ news coverage, in-depth match analysis, breaking news, and top stories, allowing Celecom’s subscribers across Malaysia to get updates and access their favourite sports. Services will be offered by subscription or as information on demand downloads.
As part of this partnership with ESPN STAR Sports, Zingmobile will provide Celcom a full suite of ESPN STAR sports content and service applications covering major sports such as football, cricket, tennis, golf, rugby etc, and major sports leagues including the Barclays Premier League.
Teo Siew Kiet, Zingmobile’s ceo said the company will also explore the possibility of working with ESPN STAR Sports in other markets.
He said, “This new business is commencing towards the end of our financial year and will not impact our 2007 profit forecast, but it starts next year on a positive note.”
Adam Zecha, senior vice-president, affiliate and multimedia sales of ESPN STAR Sports said, “The potential for mobileESPN is enormous for the Malaysian market. Our partnership with Zingmobile reflects the service's ultimate mission of providing a compelling, differentiated experience combining real-time access to world-class sports content, packaged and delivered to our fans whenever and wherever they want it. Our partnership will offer mutual benefits to both companies and we look forward to this progressive collaborative effort.”
In addition to mobileESPN, Zingmobile’s regional expansion is proceeding as outlined in its prospectus.
Teo Siew Kiet said, “We have already opened offices in Malaysia and Bangladesh and will shortly open an office in China, allowing us to begin accessing huge new markets.”
“By year end we expect to book some revenue in these new markets, and we are making plans to accelerate revenue growth in these markets over 2008 and 2009 as we step up our marketing efforts. We have also signed up a TV airtime agreement in Bangladesh and plan to extend our already successful television game show strategy there”
Bangladesh is one of the world’s fastest growing mobile markets, with 28 million subscribers as at June 2007.
Zingmobile was established in 2002 and is a profitable and rapidly growing company headquartered in Singapore that develops and markets mobile content direct to consumers in Asia. Demand for mobile content has been independently forecast to grow at 32 percent per annum in Zingmobile’s markets between 2005 and 2010.
Zingmobile has billing relationships with a dozen carriers in Asia, and has developed a content library of over 100,000 unique items across 25 applications and services sold over the mobile phone. Over 90 percent of its sales are derived from content it has developed.
The content is marketed through various channels such as print media and television.
Zingmobile also produces its own television game shows and receives revenue from the sms traffic these programs produce. In the last 12 months, Zingmobile has sold its products to over 6 million unique customers.
ESPN STAR Sports is a 50:50 joint venture between two of the world’s leading cable and satellite broadcasters: Walt Disney (ESPN, Inc.) and News Corporation Ltd.
ESPN STAR Sports has 17 networks covering 24 countries, each localised to deliver differentiated world-class premier sports programming to Asian viewers. This includes ESPN Asia, ESPN China, ESPN Hong Kong, ESPN India, ESPN Malaysia, ESPN Philippines, ESPN Singapore, ESPN Taiwan, MBC-ESPN (Korea), STAR Sports Asia, STAR Sports Hong Kong, STAR Sports India, STAR Sports Malaysia, STAR Sports Singapore, STAR Sports Southeast Asia, STAR Sports Taiwan, and STAR Cricket.
MobileESPN is the first of a regional suite of services to be offered across five markets in Asia Pacific – Airtel (India), Vodafone Essar (India), Indosat (Indonesia), Celcom (Malaysia), MobileOne (Singapore), StarHub (Singapore), and PCCW (Hong Kong).
MULTI CHANNEL SOLUTIONS BUYS BRONSON MARKETING
Infomercial company Multi Channel Solutions Ltd, which operates in the direct response television and multi channel distribution industry with activities in Australia and the USA, informed the Australian Securities Exchange today that it has completed the acquisition of 100 percent of the issued capital of Bronson Marketing Pty Ltd.
No further details about the acquisition were provided.
The company also said that following resolutions passed at its 2007 annual general meeting, it has appointed Des Smale as its new chairman.
It has also appointed Steve Hill and Roland Tudor as directors.
Clive Barrett has resigned as a director and Emmanuel Correia has resigned as company secretary. Roland Tudor will be appointed as the company secretary.
AUSTRALIAN FINANCIAL REVIEW ONLINE STRATEGY CANNED BY MEDIA BUYERS
The Australian reports that Fairfax Media chief executive David Kirk has defended the subscription-based strategy and pricing of afr.com, the website linked to The Australian Financial Review, in the face of moves by The Wall Street Journal to abandon a similar approach.
The relaunch of the website earlier this month retained the subscription strategy for all but a few stories and requires subscribers to pay an additional $45 per month, even if they already have a subscription to the newspaper.
Media buyer Harold Mitchell told The Australian, "That's not the way the internet is going. The trend is towards free content, supported by advertising."
ISRAEL GOVERNMENT APPROVES DRAFT OF NEW PRESS LAWS
The Israeli ministerial committee on legislative matters has approved the draft of a new press law.
Haaretz reports that the new law eliminates a number of anachronistic clauses, including the requirement that newspaper owners be over a certain age and hold a matriculation certificate.
But it also stipulates new requirements that newspaper proprietors may not like.
If the Knesset passes the law in its current form, publishers will be required to disclose in their newspapers detailed listings of their holdings in other corporations.
The new law, which was submitted by Interior Minister Meir Sheetrit, entirely supersedes the ‘antiquated’ legal framework that currently regulates media activity: the Press Order of 1933 and Defense Regulations 94-96 from 1945.
The demand that both editor and publisher not have a criminal record remains in place.
The law also states that if a newspaper's editor or publisher is convicted of a crime while serving in his post, the editor will cease to serve in that capacity within 30 days of being convicted and the publisher, within 60 days.
BANGLADESHI MEDIA ASKED TO REPORT ACCURATELY ON ALLEGED IRREGULARITIES IN CYCLONE RELIEF DISTRIBUTION
The Bangladesh Star reported that the countries law adviser Mainul Hosein asked the media to verify their sources while reporting on allegations of irregularities in relief distribution or regarding damage in Cyclone-hit areas.
"We have no problem if you write the truth. Write honestly," Mainul told reporters after a meeting with chiefs of news of different private satellite television channels.
Mainul also sought suggestions from the media for more effective rescue operation, relief distribution and rehabilitation work.
After the meeting Shah Alamgir, head of news of Ekushey Television, told reporters, "The adviser has asked us to refrain from exaggeration while reporting on casualties, damage and relief distribution, and to report solely on facts."
Among those who addressed the meeting were Nazmul Ashraf, news editor of Channel 1, Shykh Seraj, director of news of Channel i, ZI Mamun, news editor of ATN Bangla, Khairul Anwar Mukul, news editor of NTV, and Sujan Kabir, joint news editor of Bangla Vision.
SOUTH CHINA MEDIA TO LAUNCH JESSICA WEEKLY INSERT AS STANDALONE MAGAZINE
South China Media will move its Jessica Weekly from an inserted to a standalone magazine from December 26, and reposition the title as an upmarket guidebook to beauty, fashion and lifestyle.
Jessica Weekly, which has been distributed with infotainment magazine 3Weekly, will target affluent females aged between 25 to 35-years-old.
Joanne Ten, chief marketing officer for South China Media, told Marketing-interactive that the relaunched magazine will be the "weekly version of a very established monthly magazine, being Jessica" and published weekly, will allow advertisers to expose their brands at a higher frequency and reach.
The Jessica magazine franchise also includes Jessica Code.
NBC UNIVERSAL AND TIVO IN INTERACTIVE ADVERTISING DEAL
Reuters reports that NBC Universal will begin offering interactive advertising services and subscribe to a ratings service from TiVo. The agreement covers General Electrics 14 networks, including NBC, Telemundo and Bravo, as well as its 10 NBC-owned TV stations.
Advertisers that buy television commercials on those networks and television stations will have the option of adding an interactive component to those spots.
SOUTH AFRICAN MEDIA MAGAZINE TO GO ONLINE
Bizcommunity.com reports that South Africa’s Wag the Dog Publishers, publishers of The Media, eMedia, and Marketingweb is launching themediaonline.
The eMedia database of 15,500 opt-in subscribers will be amalgamated into the new offering, while the advertising base will be transferred to themediaonline. The site will be updated daily.
SRI LANKAN AIR STRIKE ON RADIO STATION CONDEMNED AS A “WAR CRIME”Sri Lanka military air strike today on the Voice of Tigers, the radio station of the Tamil Tiger rebels in the north of the country, was a "war crime," Reporters Without Borders said.
Three of the station's staff, who had not been given any warning, and six other civilians were killed in the bombardment by air force jets.
Reporters Without Borders said, “Voice of Tigers is a propaganda radio operated by the LTTE rebels, but the rules of war are clear: military bombardment and bombing must be limited to strictly military targets. The government in Colombo uses the Geneva Conventions to condemn LTTE crimes but forgets the conventions when it bombs what is a civilian installation and therefore protected by the conventions."
The air strike on Voice of Tigers took place in the afternoon and left a total of nine civilians dead (including three of the station's employees) and around 10 civilians wounded.
The bombing was carried out as the station was providing coverage of the annual War Heroes' Day ceremonies, which the LTTE observes in the regions it controls. According to Tamilnet, broadcasts were able to continue with the help of another clandestine transmitter.
The Sri Lankan military confirmed that the air force had destroyed the "clandestine Tiger terrorists radio station." Previous air strikes in October 2006 caused serious damage to the station and wounded two employees.
US MEDIA COULD BE ON THE BRINK OF THE DECADE’S SECOND DOWNTURN
GlobeandMail.com reports that the US. media industry could be on the brink of its second big downturn in a decade, which is likely to accelerate the split between fast-growing targeted ads and traditional media aimed at mass audiences.
Since the last ad bust in 2000-2002, big media has been trying hard to work with technological changes, including the rise of high-speed internet and the growth of portable digital media players like the iPod.
But the housing market crash is raising worries about an economic recession that could also hit media. Advertisers have to remain competitive in a tight market, while also keeping down costs, and may boost spending in areas more directly linked to commerce, a plus for Google and Amazon.com, but a minus for TV networks.
AUSTRALIA’S CONTROVERSIAL MEDIA WATCHDOG PROGRAM WILL CONTINUE NEXT YEAR WITH NEW HOST
Jonathon Holmes, a four-time Walkley Award finalist, 1998 Logie Award winner, and full-time reporter with ABC's Four Corners program since will replace Monica Attard as the host of the ABC’s Media Watch program next year.
According to The Australian, the British-born reporter is one of ABC TV's most experienced television journalists, having also worked on Foreign Correspondent and The 7.30 Report.
Attard's decision not to return to the program next year came a day after the program's executive producer, Tim Palmer, was appointed executive producer of Lateline and Lateline Business, sparking speculation about the show's future.
But ABC TV director of television Kim Dalton said Media Watch’s watchdog role makes a vital contribution to the Australian media landscape.
THE RACE NOW TRULY ON TO BUY UP AUSTRALIAN REGIONAL RADIO NETWORKS
Two media conglomerates have in the past week declared that they are keen to buy Australian regional radio networks.
Last week Prime Television ceo Warwick Syphers said he wanted to challenge Macquarie Media's regional radio dominance through radio purchases on the eastern seaboard, including the 2SM Supernetwork.
Prime recently established a network of rural stations in Queensland.
Yesterday, the John Singleton-controlled Macquarie Radio Network, said it too is keen to buy radio networks with a prominent regional presence, also including such Bill Caralis's 2SM Supernetwork.
It apparently wants to maximise its value return from multi-million-dollar salary bill for on-air staff.
Macquarie Radio chief executive Angela Clark told The Australian yesterday she was looking for a broader audience outside of Sydney for the company's content, through measures such as moving into regional radio and launching a national expansion of the company's new website, Livenews.com.au.
Clark told The Australian, "What I'm saying is that regional radio stations teamed with metro has some logic. We have from time to time looked at the possibilities of a regional network combined with a Sydney network. I think there are still some compelling arguments as to why that would be, you know, a good idea."
ZINGMOBILE TEAMS WITH NEWS CORP JOINT VENTURE ESPN STAR TO LAUNCH MOBILE PHONE SPORTS SERVICE IN MALAYSIA
Australian-listed Zingmobile informed the ASX today that it will team up with and ESPN STAR Sports to launch mobileESPN in Malaysia with Celcom, a leading Malaysian national cellular operator claiming 8 million subscribers.
MobileESPN is a mobile sports content service by ESPN STAR Sports, enabling sports fans to follow their favourite sports with content specially delivered via their mobile phones.
MobileESPN will operate as a premium content suite with customised original content, in the form of ‘live’ news coverage, in-depth match analysis, breaking news, and top stories, allowing Celecom’s subscribers across Malaysia to get updates and access their favourite sports. Services will be offered by subscription or as information on demand downloads.
As part of this partnership with ESPN STAR Sports, Zingmobile will provide Celcom a full suite of ESPN STAR sports content and service applications covering major sports such as football, cricket, tennis, golf, rugby etc, and major sports leagues including the Barclays Premier League.
Teo Siew Kiet, Zingmobile’s ceo said the company will also explore the possibility of working with ESPN STAR Sports in other markets.
He said, “This new business is commencing towards the end of our financial year and will not impact our 2007 profit forecast, but it starts next year on a positive note.”
Adam Zecha, senior vice-president, affiliate and multimedia sales of ESPN STAR Sports said, “The potential for mobileESPN is enormous for the Malaysian market. Our partnership with Zingmobile reflects the service's ultimate mission of providing a compelling, differentiated experience combining real-time access to world-class sports content, packaged and delivered to our fans whenever and wherever they want it. Our partnership will offer mutual benefits to both companies and we look forward to this progressive collaborative effort.”
In addition to mobileESPN, Zingmobile’s regional expansion is proceeding as outlined in its prospectus.
Teo Siew Kiet said, “We have already opened offices in Malaysia and Bangladesh and will shortly open an office in China, allowing us to begin accessing huge new markets.”
“By year end we expect to book some revenue in these new markets, and we are making plans to accelerate revenue growth in these markets over 2008 and 2009 as we step up our marketing efforts. We have also signed up a TV airtime agreement in Bangladesh and plan to extend our already successful television game show strategy there”
Bangladesh is one of the world’s fastest growing mobile markets, with 28 million subscribers as at June 2007.
Zingmobile was established in 2002 and is a profitable and rapidly growing company headquartered in Singapore that develops and markets mobile content direct to consumers in Asia. Demand for mobile content has been independently forecast to grow at 32 percent per annum in Zingmobile’s markets between 2005 and 2010.
Zingmobile has billing relationships with a dozen carriers in Asia, and has developed a content library of over 100,000 unique items across 25 applications and services sold over the mobile phone. Over 90 percent of its sales are derived from content it has developed.
The content is marketed through various channels such as print media and television.
Zingmobile also produces its own television game shows and receives revenue from the sms traffic these programs produce. In the last 12 months, Zingmobile has sold its products to over 6 million unique customers.
ESPN STAR Sports is a 50:50 joint venture between two of the world’s leading cable and satellite broadcasters: Walt Disney (ESPN, Inc.) and News Corporation Ltd.
ESPN STAR Sports has 17 networks covering 24 countries, each localised to deliver differentiated world-class premier sports programming to Asian viewers. This includes ESPN Asia, ESPN China, ESPN Hong Kong, ESPN India, ESPN Malaysia, ESPN Philippines, ESPN Singapore, ESPN Taiwan, MBC-ESPN (Korea), STAR Sports Asia, STAR Sports Hong Kong, STAR Sports India, STAR Sports Malaysia, STAR Sports Singapore, STAR Sports Southeast Asia, STAR Sports Taiwan, and STAR Cricket.
MobileESPN is the first of a regional suite of services to be offered across five markets in Asia Pacific – Airtel (India), Vodafone Essar (India), Indosat (Indonesia), Celcom (Malaysia), MobileOne (Singapore), StarHub (Singapore), and PCCW (Hong Kong).
MULTI CHANNEL SOLUTIONS BUYS BRONSON MARKETING
Infomercial company Multi Channel Solutions Ltd, which operates in the direct response television and multi channel distribution industry with activities in Australia and the USA, informed the Australian Securities Exchange today that it has completed the acquisition of 100 percent of the issued capital of Bronson Marketing Pty Ltd.
No further details about the acquisition were provided.
The company also said that following resolutions passed at its 2007 annual general meeting, it has appointed Des Smale as its new chairman.
It has also appointed Steve Hill and Roland Tudor as directors.
Clive Barrett has resigned as a director and Emmanuel Correia has resigned as company secretary. Roland Tudor will be appointed as the company secretary.
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