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Pacific Star Network broadcasting revenue up 6% as company considers merger

Thursday 23 November, 2017

At today's Annual General Meeting of Pacific Star Network, shareholders heard that broadcasting revenue was up, but that the company's other revenue sources were down in the last financial year.

Shareholders also considered a motion to merge with CrocMedia (see related report). When the result of the motion is known, we will report it here on radioinfo.

Year on Year Group revenue was down 8% to $22.09 million:

SEN set to merge with Crocmedia

Thursday 23 November, 2017

The merged businesses to be led by Craig Hutchison.

Craig Hutchison linked to CEO role at SEN: company reshuffle in progress

Thursday 16 November, 2017

Following the resignation of non-executive director of Pacific Star Network (which owns sports radio station SEN) and major shareholder Ron Hall (28.4%), the Herald Sun is reporting suggestions that media company Crocmedia is set to buy a controlling interest in SEN.  

Pacifiic Star increases profit by 15%

Thursday 01 September, 2016

SEN and MyMP parent company, Pacific Star has released its annual report.

Combined revenue for radio and print businesses increased 15% to $23.98 million.

Radio broadcast revenue was $14.49 million, an increase of $100,000 on last year.

NPAT (net profit after tax) was $1.09m, up from a loss of $79,000 last year.

The company has recognised $610,941 of restructuring costs. These costs are predominantly the impact of redundancy and terminations across all parts of the business and by their nature are considered to be one-off costs.

All smiles: Father and son both nominated for an ACRA

Wednesday 31 August, 2016

Social media was abuzz the day after the ACRA finalists for 2016 were announced with Eddie Olek and his son Josh Olek both getting a nod.
 
It seemed everyone was debating if they were the first father/son combo to be nominated in the same year.
 
Not so according to Eddie.
 

Revenue up, Pacific Star in expansion mode

Sunday 28 February, 2016

Reported half year revenues for SEN parent company Pacific Star increased by 40% to $13.336 million with an underlying EBITDA of $2.318 million, and a net profit after tax result of $1.051 million, before significant items).

The company increased its divend slightly, to pay 1.35 cents per share.

Broadcast revenue increased by about $800,000 on he previous corresponding period, and the big revenue increase was driven by the acquisition of a new publishing business.

Profit (NPAT) was $834,113, double that achieved in the previous period.

Francis Leach returns to SEN as part of a new 2016 line-up

Wednesday 18 November, 2015

SEN has announced a revamped on-air line-up for 2016.

Sports broadcaster Francis Leach is returning to 1116 SEN next year as part of the new line-up.

Leach will team up with David “The Ox” Schwarz to head up SEN Breakfast in 2016.

SEN’s current breakfast duo of former basketball great Andrew Gaze and Andy Maher will continue on air until Friday, 11th December, with Maher to become host of new afternoon program, SEN Lunch Break in 2016. Gaze will remain with SEN in a fill-in role.

Graham Mott joins Pacific Star

Saturday 24 October, 2015

The former head of Fairfax Radio Network, Graham Mott has been appointed General Manager for the Radio Division of Pacific Star Network.

Booing saga heats up the airwaves

Wednesday 29 July, 2015
The Adam Goodes booing issue has done its rounds on radio in the past 24 hours with controversy hitting both Alan Jones and SEN.

Dermott Brereton called into SEN Melbourne to defend himself from Daily Telegraph journalist Rebecca Wilson, after interpreting her remarks against him as being defamatory.

Wilson was criticising Brereton for his publicly voiced opinion on whether Goodes should be booed by AFL crowds.

The exchange got increasingly fiery as it when on, with Brereton threatening legal action against Wilson.

Tim Watson returns to SEN

Friday 05 December, 2014

Tim Watson is set to return to Melbourne’s SEN, joining Andrew Maher and Andrew Gaze for their Morning Glory breakfast show. 

The former Essendon player will join the team on air every weekday from March 2015 and is looking forward to returning to his chair after a year away from the microphone.

“I’m looking forward to it, it’s going to be great and I can’t wait.

“SEN management they came to me and said, ‘what will it take to get you back?’

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