Consolidated Media Holdings

Type	Public (ASX: CMJ)
Founded	November 30, 2007
Headquarters	Sydney, Australia
Industry	Media
Website	http://www.cmh.com.au

Consolidated Media Holdings is an Australia investment company focused on subscription television.

[edit] About CMH

Consolidated Media Holdings (CMH) is a joint venture partnership between Consolidated Press Holdings (CPH) and the Seven Network Limited.

Consolidated Media Holdings (CMH) was formed in November 2007, as the result of the demerger of Publishing and Broadcasting Limited (PBL).

CMH originally 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 reduced to less than 1% of the company.

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.

Today the company has significant shareholdings in Foxtel and Premier Media Group (Fox Sports Australia, Fuel TV, How To Channel).

[edit] 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 - market reports far below the value of the property.

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.

[edit] Major Shareholders

• Consolidated Press Holdings (40%)
• Seven Network Limited (20%)
• Other shareholders... (40%)

[edit] Assets

• Foxtel (25%)
• Premier Media Group (50%)

[edit] External links

• Official website