WIN Corporation

WIN Corporation Pty Ltd
Private
Industry Free To Air Television
Pay Television
Television Production
Radio broadcasting
Telecommunications
Founded 18 March 1962
Headquarters Wollongong, Australia
Key people
 Bruce Gordon, Deputy Chairman/Owner
Andrew Gordon, Executive Chairman
Products WIN Television
Crawford Productions
Owner Birketu Pty Ltd.
Website www.wintv.com.au

WIN Corporation is a private Australian media company, that owns assets including the WIN Television network in Australia, Crawford Productions and several local radio stations. The company is based in Wollongong, New South Wales.

The WIN brand began as a single free-to-air terrestrial television station in Wollongong in 1963 as WIN Television. Then-owner Rupert Murdoch sold the station in 1979 to Paramount Television programming executive Bruce Gordon. Gordon initiated a period of growth as television stations in Queensland, Victoria, Tasmania, South Australia and Western Australia were bought and integrated into what is now known as the WIN Network. WIN is the largest regional television broadcaster in Australia and the fourth largest television broadcaster in Australia behind Networks Nine, Seven, and Ten covering an area greater in size than Europe. The WIN Network has a total audience reach of 4.842 million people.

Through Bruce Gordon's leadership, in the late 1990s and 2000s, WIN built stakes in PBL, Network Ten, and TPG Telecom. TPG Telecom was at the time known as SP Telemedia and owned fellow Nine affiliate NBN Television.

August 2005 saw WIN purchase a controlling 50.1% stake in satellite subscription television carrier SelecTV, however failure in adequately growing the subscriber base along with high debts saw the business placed in voluntary administration in February 2011.[1]

On 21 April 2007, the board of Sunraysia Television endorsed WIN's revised offer of $163 million for Channel Nine Perth ,[2] which went through on 8 June 2007.[3] On 30 May 2007, Southern Cross Broadcasting announced its sale of Channel Nine Adelaide to WIN for $105 million.[4] In June 2013, WIN offloaded the Nine-branded metropolitan Adelaide station to Nine Network's parent Nine Entertainment Co. for $140 million along with an option to purchase the Perth station, which was exercised in September 2013.[5] In October 2015 WIN Corporation purchased a 14% stake in Nine Entertainment Co. from investment fund operator Apollo.[6]

On 4 June 2009, signalling their continued interest in digital assets, WIN increased to 18.4% their stake in publicly listed company Quickflix, an Australian provider of online DVD rental and subscription movie and television series downloads.[7]

On 29 April 2016, Nine Entertainment Co. ended a 27 year affiliation agreement with WIN Corporation, instead partnering with Southern Cross Austereo to distribute content in parts of regional Queensland, New South Wales and Victoria, after securing a 50% revenue sharing deal with Southern Cross, which is higher than its existing 39% deal with WIN. As a result, WIN stations will stop broadcasting Nine programming on 30 June 2016.[8][9]

Assets

Television

Radio

WIN Corporation also owns two FM radio stations in New South Wales:

Other assets

See also

References

  1. ↑ "SelecTV offline, leaving a trail of debt". Nicole Hasham. www.illawarramercury.com.au. 2 February 2011. Retrieved 21 August 2014.
  2. ↑ Sharples, Ben (21 April 2007). "WIN wins Perth station". Herald Sun.
  3. ↑ "Sunraysia favours Ch 9 Perth sale to WIN". AAP. theage.com.au. 8 June 2007. Retrieved 8 June 2007.
  4. ↑ "WIN buys Channel 9 Adelaide". AAP. theage.com.au. 30 May 2007. Retrieved 30 May 2007.
  5. ↑ "Nine buys back Perth station". AAP. www.smh.com.au. 24 September 2013. Retrieved 21 August 2014.
  6. ↑ "Nine buys back Perth station". Daily Telegraph. www.dailytelegraph.com.au. 20 Octoberber 2015. Retrieved 20 October 2015. Check date values in: |date= (help)
  7. ↑ "ASX Announcement" (PDF). AAP. asx.com.au. 4 June 2009. Retrieved 4 June 2009.
  8. ↑ Knox, David (29 April 2016). "Nine signs affiliation agreement with Southern Cross". TV Tonight. Retrieved 29 April 2016.
  9. ↑ Janda, Michael (29 April 2016). "Nine and Southern Cross ink new regional TV deal". ABC News. Retrieved 29 April 2016.

External links

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