Australian News Channel
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| Private | |
| Industry | Media |
| Founded | 1996 |
| Headquarters | Sydney, Australia |
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Areas served
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Key people
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Angelo Frangopoulos, CEO |
| Services | News broadcasting |
| Profit | A$3.9 million (2015-16) |
| Total assets | A$25 million (2015-16) |
| Owner | News Corp Australia |
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Number of employees
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204 (2015-16) |
Australian News Channel is an Australian privately held company which owns media properties operating in Australia and New Zealand.
The company owns news broadcasting channel Sky News Australia, its sister channels Sky News Business Channel and Sky News Weather Channel, New Zealand News Channel (which operates Sky News New Zealand) as well as international streaming service Australia Channel.
Australian News Channel Pty Ltd (ANC), was founded in 1996 when Sky News Australia was launched. It was owned equally by British Sky Broadcasting, Seven Media Group and Nine Entertainment Co., each with a 33% stake in the company.
In 2013, ANC granted A$20 million in funding to Sky News Australia to be used over three years.
In 2014, ANC partnered with Globecast to launch an international streaming service Australia Channel, which broadcasts five channels to subscribers outside Australia. It was launched after ANC bid to operate the Australian Government funded Australia Network contract, before the tender was controversially scrapped.
Until 2015, Sky News was responsible for producing New Zealand's Prime News - First at 5:30 from Sydney, hosted by Eric Young with filming taking place in Prime's Albany studios. It lost the contract to MediaWorks and subsequently ceased broadcasting a local New Zealand bulletin.
With the carriage deal between Australian News Channel and dominant subscription television platform Foxtel due to expire in 2017, reported as either February or December, media speculation increased that News Corp Australia, which co-owns Foxtel, would attempt to acquire a majority stake in the company. On 26 February 2015 it was reported that News Corp Australia launched an A $25 million bid for full ownership of Australian News Channel.
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Wikipedia