Nine Entertainment Co. (previously PBL Media) is a media company owned by CVC Asia Pacific

CVC Capital Partners

CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...

.
Originally a 50/50 joint venture with Consolidated Media Holdings

Consolidated Media Holdings

Consolidated Media Holdings is an Australia investment company focused on subscription television.-About CMH:Consolidated Media Holdings is a publicly listed Australian company...

, in June 2007 PBL announced that it would sell a further 25% to CVC for A$ 515 million. In September 2007, it was announced that the transaction was to go ahead at the increased purchase price of approximately A$526 million.

On 27 October 2008, James Packer and Consolidated Media Holdings representatives quit the board of PBL Media, effectively ending financial backing and future associations with the company.

On 16 December 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 A$300 million. 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%.

Under a recent split of PBL into two companies, PBL Media formerly held by PBL is now held by Consolidated Media Holdings.

From 2 December 2010, PBL Media rebranded as Nine Entertainment Co.

Assets

• Television
  • Nine Network
    Nine Network
    The Nine Network , is an Australian television network with headquarters based in Willoughby, a suburb located on the North Shore of Sydney. For 50 years since television's inception in Australia, between 1956 and 2006, it was the most watched television network in Australia...
    
    , 100%, an Australian free-to-air television network.
    • TCN
      TCN
      TCN stands for:* Take Care Now, a private company providing out-of-hours medical cover in England* TanenbaumCHAT North Campus, a private Hebrew high school in Richmond Hill, Ontario, Canada* TCN-9, a Sydney television station...
      
       Sydney
      Sydney
      Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
      
      , 100%, a metropolitan television station based in Sydney, Australia.
    • GTV Melbourne
      Melbourne
      Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
      
      , 100%, a metropolitan television station based in Melbourne, Australia.
    • QTQ Brisbane
      Brisbane
      Brisbane is the capital and most populous city in the Australian state of Queensland and the third most populous city in Australia. Brisbane's metropolitan area has a population of over 2 million, and the South East Queensland urban conurbation, centred around Brisbane, encompasses a population of...
      
      , 100%, a metropolitan television station based in Brisbane, Australia.
    • NTD Darwin
      Darwin, Northern Territory
      Darwin is the capital city of the Northern Territory, Australia. Situated on the Timor Sea, Darwin has a population of 127,500, making it by far the largest and most populated city in the sparsely populated Northern Territory, but the least populous of all Australia's capital cities...
      
      , 100%, a metropolitan television station based in Darwin, Australia.
  • GO!
    Go! (Australian TV channel)
    GO! is an Australian free-to-air standard definition digital television channel launched by the Nine Network on Sunday 9 August 2009.-Origins:...
    
    , 100%, a youth-dedicated Australian free-to-air digital multichannel.
  • GEM
    GEM (Australian TV channel)
    GEM is an Australian free-to-air high definition digital television channel, launched by the Nine Network on Sunday 26 September 2010 at 6am...
    
    , 100%, an HD Entertainment-dedicated Australian free-to-air digital multichannel.
  • NBN Television
    NBN Television
    NBN Television is a television station based in Newcastle, New South Wales, Australia. The station was inaugurated on 4 March 1962 as the first regional commercial television station in New South Wales, and has since expanded to 39 transmitters throughout the northern half of New South Wales and...
    
    , 100%, a regional television station based in Newcastle
    Newcastle, New South Wales
    The Newcastle metropolitan area is the second most populated area in the Australian state of New South Wales and includes most of the Newcastle and Lake Macquarie Local Government Areas...
    
    , Australia.
  • DTD
    DTD (TV station)
    Darwin Digital Television is a digital television station in Darwin, Northern Territory. It is jointly owned by Nine Entertainment and the Macquarie Media Group .-History:...
    
    , 50%, a digital television station based in Darwin, Australia, joint-venture with Southern Cross Media Group.

• Magazines
  • ACP Magazines, 100%, Australia's leading magazine publisher operating in Australia, New Zealand
    New Zealand
    New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
    
    , Asia
    Asia
    Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
    
     and the United Kingdom
    United Kingdom
    The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
    
    .

• Digital
  • Ninemsn
    NineMSN
    ninemsn is an Australian 50/50 joint venture between Microsoft and Nine Entertainment Co.. It effectively acts as the website for both the Nine Network and MSN, and is one of Australia's most popular websites...
    
    , 50%, an online entertainment portal, joint-venture with Microsoft
    Microsoft
    Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
    
    .
  • My Home, 48.75%, an online real estate business, joint-ventue with Shane Dale and My Home Group.
  • Australian News Channel, 33.33%, a subscription television news service, joint-venture with British Sky Broadcasting
    British Sky Broadcasting
    British Sky Broadcasting Group plc is a satellite broadcasting, broadband and telephony services company headquartered in London, United Kingdom, with operations in the United Kingdom and the Ireland....
    
     and Seven Media Group.
  • Cudo, a group buying site launched as a joint venture with Microsoft
    Microsoft
    Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
    
    .

• Events
  • Ticketek
    Ticketek
    Ticketek is an Australian event ticketing company. Formed in 1979, the company is owned by Nine Entertainment Co. and operates ticketing operations for entertainment and sporting events in Australia, and New Zealand....
    
    , 100%, an event ticketing business operating in Australia, New Zealand and Argentina
    Argentina
    Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
    
    .
  • Acer Arena
    Acer Arena
    The Allphones Arena is a large entertainment and sporting complex located in Sydney, Australia. It is situated in Sydney Olympic Park, and was completed in 1999 as part of the facilities for the 2000 Summer Olympics....
    
    , 100%, an entertainment and sporting complex located in Sydney, Australia.

History

PBL Media was established in October 2006, when Publishing and Broadcasting Limited

Publishing and Broadcasting Limited

Publishing and Broadcasting Limited was one of Australia's largest companies, with interests primarily in media and gaming. The company demerged in late 2007, spinning out its gaming interests into Crown Limited...

 transferred its media interests, including the Australian Consolidated Press

Australian Consolidated Press

ACP Magazines , a subsidiary of the Nine Entertainment Co., is an Australian media company. It publishes the Australian Women's Weekly and the Australian edition of Woman's Day....

, Nine Network

Nine Network

The Nine Network , is an Australian television network with headquarters based in Willoughby, a suburb located on the North Shore of Sydney. For 50 years since television's inception in Australia, between 1956 and 2006, it was the most watched television network in Australia...

, and ninemsn

NineMSN

ninemsn is an Australian 50/50 joint venture between Microsoft and Nine Entertainment Co.. It effectively acts as the website for both the Nine Network and MSN, and is one of Australia's most popular websites...

, to the new business - a joint venture between PBL and CVC Asia Pacific

CVC Capital Partners

CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...

. The recapitalisation was announced on 18 October 2006.

John Alexander

John Alexander

-Arts and entertainment:* John Alexander , American stage and film actor* John Alexander II , Scottish film actor; see * John Alexander , British television director* John Alexander -Arts and entertainment:* John Alexander (actor) (1897–1982), American stage and film actor* John Alexander II...

, Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 of PBL, was announced as the Executive Chairman of PBL Media, along with Ian Law

Ian Law

Ian Law is a former Australian rules footballer who played for the Hawthorn throughout the 1960s.A rover, Law won the Hawthorn Best and fairest award in just his second year of VFL football and also finished 1961 third in the Brownlow Medal count...

 as CEO and Pat O'Sullivan

Pat O'Sullivan

Pat O'Sullivan Lucey is an American amateur golfer who won the 1950, 1951, and 1953 North and South Women's Amateur. As well, she won the 1951 Titleholders Championship, then one of the LPGA Tour's major championships. She was a member of Race Brook Country Club in Orange, Connecticut...

 as Chief Financial Officer

Chief financial officer

The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...

. The company's current directors are Ian Law, Chris Anderson, Martin Dalgelish, Robert Lucas, Adrian MacKenzie and Maarten Ruijs.

James Packer and John Alexander quit the PBL Media board in December 2007.