Australian News Channel Pty Ltd. is an Australian

privately held A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equi ...

subsidiary of

News Corp Australia News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of News Corp. The group's interests span newspaper and magazine publishing, Internet, market research, DVD and film distribution, and film and television prod ...

which owns media properties operating in Australia and New Zealand. The company owns

news broadcasting News broadcasting is the medium of broadcasting various news events and other information via television, radio, or the internet in the field of broadcast journalism. The content is usually either video production, produced local programming ...

channel

Sky News Australia Sky News Australia is an Australian news channel owned by News Corp Australia. Originally launched on 19 February 1996, it broadcasts rolling news coverage throughout the day, while its prime time lineup is dedicated to opinion-based programs fe ...

, its sister channels Sky News Extra and Sky News Weather Channel, New Zealand News Channel (which operates Sky News New Zealand) as well as international

streaming service Streaming media refers to multimedia delivered through a network for playback using a media player. Media is transferred in a ''stream'' of packets from a server to a client and is rendered in real-time; this contrasts with file downl ...

Australia Channel.

History

Origins

Australian News Channel Pty Ltd (ANC), was founded in 1995 when Sky News Australia was launched. It was owned by

British Sky Broadcasting Sky UK Limited (formerly British Sky Broadcasting Limited (BSkyB)), trading as Sky, is a British broadcaster and telecommunications company that provides television, broadband internet, fixed line and mobile telephone services to consumers a ...

, Seven Media Group and

Publishing and Broadcasting Limited Publishing and Broadcasting Limited (PBL) was one of Australia's largest corporations. With interests primarily in media and gambling, for the entirety of its existence it was largely controlled by the Packer family. History Predecessors P ...

. In 2013, ANC granted 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 Pay television, also known as subscription television, premium television or, when referring to an individual service, a premium channel, refers to subscription-based television services, usually provided by multichannel television providers, b ...

platform

Foxtel NXE Australia Pty Ltd, trading as the Foxtel Group, is an Australian pay television company that operates cable television, direct-broadcast satellite, direct broadcast satellite television, and IPTV streaming services. It was formed in April ...

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. In June 2015, it was reported that ANC's stakeholders had rejected a News Corp takeover offer of A$20 million, with the owners wanting a minimum of A$50 million. Following a breakdown in a News Corp buyout, further reports suggested Nine Entertainment could sell its stake to a joint arrangement between Seven West Media and News Corp.

Acquisition by News Corp

The entire company was acquired by News Corp Australia in December 2016. In December 2017, it was reported that News Corp and Telstra were in a carriage dispute over the price Foxtel pays to carry Sky News channels after the existing deal expired at the end of the calendar year, worth over A$30 million per year. News Corp was requesting an increase to the Sky News carriage fee, which has not been raised for more than a decade, while Foxtel co-owner Telstra was opposed. A new deal was agreed upon and transmission was not interrupted.

Assets

Sky News Business Channel Sky News Business Channel (also known as Sky News Money during primetime and Sky News Real Estate on Saturdays) was an Australian pay television business news channel, available nationally on the Foxtel subscription platform and via mobile throu ...

(2008–2018) * Sky News Weather Channel *

Sky News Election Channel Sky News Election Channel is an Australian 24-hour Cable television, cable and Satellite television, satellite news channel available on the Foxtel platform, operated by Sky News Australia. It launched on 1 May 2016, temporarily replacing Sky Ne ...

* Sky News Extra * Your Money (2018–2019; with

Nine Entertainment Co. Nine Entertainment Co. Holdings Limited is an Australian publicly listed company with holdings in mass media radio and television broadcasting, publishing and digital media. It uses Nine as its corporate branding. The entity is largely a succ ...

) ;Domestic free-to-air * Sky News Regional ;Outside Australia * Sky News New Zealand * Australia Channel

References

External links

* {{News Corp Australia News Corp Australia Sky News Australia Companies based in Sydney Holding companies of Australia Mass media companies of Australia Holding companies established in 1996 Mass media companies established in 1996 1996 establishments in Australia