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Footy media , love’m or hate’ m ?
- Thread starter Mr Brightside
- Start date
Don’t think it’s a coincidence I’ve been far less engaged with footy media in general since Jabba’s Crocmedia have been involved.
Hope the prick goes broke. He’s turned a lot of football fans off the sport.
Ass licker & Toe cutter, anyone that has bagged him in the past, he has just removed, Shwartz, Finey, Hafford.
He has alot of yes men working for him.
And getting Whateley from the ABC was easy with the money he was offered and it's the same with Healy leaving 3aw.
He has a real American bias to everything AFL and doesn't mind changing rules and even the history of the game.
He uses blokes like Whateley and Cornes to push agendas against people. Hardwick Beveridge Cameron
Have a look who invited back Tom Morris??
I would see him and he loved bagging me for barracking for Richmond.
And this is coming from a bloke that watched his side get beaten by an interstate side on the G.
Already hearing Kingy joke with Cornhead about saving costs by having the lights dimmed and if they'll be there next year.
This station's the only daily sports one we have but it's terribly run and living on too many ads. Signal keeps breaking down at times.
for a reputed 600 large p/a bottom feeders like Whateley would push any agenda you’d want.
Sure does lately TF.
Also when they are talking an add comes on, news etc while they are talking so you are hearing both.
Lately all over the place.
Too too many ads. Does my head in really.
But like you said the only 24 hour sports station we have.
Give him credit, Snatchy was the first in Australia to create a 24hr sports radio station. (About 20 years behind the Americans).
But he’s made some bad decisions growing it.
One problem he has thought to be fair to him, is the lack of content he has to work with. Footy is all in - but only for 6 months and in select states. Everything else is iffy from a full on, day in day out, year on year fan perspective . It’s not like in the USA where most football fans also have a big basketball, baseball and hockey interest that they can tune into throughout the entire year.
SEN’s ratings fall through the floor October to March.
I take the attitude that I don't like SEN so I don't listen to it. I don't get why so many find that so hard.
I have also blocked Cornes on X and don't watch AFL 360
It makes for a much more enjoyable footy experience
I have also blocked Cornes on X and don't watch AFL 360
It makes for a much more enjoyable footy experience
He didn't create SEN, he bought it a few years after it was created.
That's true although I think you'll find he was an early doors shareholder with his American buddy (and McGuire as well incidentally).
In any case, he's the one who's tried to make it a full blown sports fan station a la WFAN in NYC.
I only listen to selective hours during the day March-October. Summer, I completely switch off all together. Zero interesting sports content.
Bluehandbagger Wanker's doing his 9:00am SEN show at Puke-On Park. Still trying to build some fans with his Cartoon infatuation.
Best way Sin. Makes me laugh when some people complain about these types & then watch them only to complain about them! It’s a ratings business. If you don’t like them (we know them by now) switch off but anything else is pretty hypocritical.
For you Brodders no worries.
EXCLUSIVE
Craig Hutchison’s business woes after $9.2m loss
AFL media mogul Craig Hutchinson’s company is being held up by a $28 million loan that underwrites his SEN radio network and the Perth Wildcats.
Stephen DrillFollow
@steveheraldsun
2 min read
September 14, 2023 - 5:45PM
News Corp Australia Network
Craig Hutchison’s company Sports Entertainment Group posted a $9.2 million loss. Picture: Jay Town
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.Follow
Football big wig Craig Hutchison’s company is at risk of the Commonwealth Bank calling in a $28 million loan that underwrites his SEN radio network, the Perth Wildcats and a Super Netball league team.
Documents filed with the Australian Securities and Investments Commission state that the bank had the right to seek “immediate settlement” of the loan, which is due in August next year.
His company Sports Entertainment Group posted a $9.2 million loss in the year to June 30.
Sports Entertainment Group’s preliminary final report details the issues with its $28.7 million Commonwealth Bank loan.
The company still has slightly more than $1 million available of its $28.7 million line of credit with the bank.
Craig Hutchison’s company Sports Entertainment Group owns the Perth Wildcats. Picture: Getty Images
The report states that Sports Entertainment Group had to ask for “covenant relief” from the bank in the June quarter of this year.
“The covenant relief confirmed that the bank did not exercise its right to request immediate settlement of the liability,” the report said.
Company loans often include conditions about how much debt can be carried in comparison with the value of the company’s assets.
Shares in the company were trading at 20 cents this week, compared with 40 cents when Mr Hutchison took over the business in January 2018.
The Herald Sun asked Mr Hutchison about the loan but his office responded because he was overseas, with the Wildcats currently in Las Vegas.
“We have a close working relationship with our financier and continue to work within the parameters of our facility which is due to expire 31 August 2024 (as disclosed), with our intention to renew for a further term in due course,” a SEN statement read.
The group lost $5.5 million in its investments in its New Zealand operations, which runs a sports broadcaster under the SENZ brand.
The sale of its 20 per cent stake in the Melbourne United Basketball Club netted the company $1.8 million, but the purchase of the Wildcats added $1.1 million in “transaction costs”.
Shares in the company were trading at 20 cents this week, compared with 40 cents when Mr Hutchison took over the business in January 2018. Picture: Jay Town
The report states that earnings before interest, taxes, depreciation and amortisation (EBITDA) from its continuing operations was $4.7 million, while it also says that its digital audience on its app had reached 1.4 million monthly average users and a 27 per cent increase in revenue.
Mr Hutchison has been on a buying spree, adding the NBL and Super Netball teams, along with two small newspapers in Margaret River, Western Australia.
The company also picked up the 4KQ radio network in Brisbane, rebranding as SENQ to replicate its format in Melbourne and Sydney.
Former Australian wicketkeeper Ian Healy is the host of the SENQ breakfast show, while Hutchison also continues to pay journalist Gerard Whateley, who has been described by his colleague Tim Watson as the third highest paid AFL media personality.
Three new racing radio stations were launched in Bendigo, Southwest Gippsland and Shepparton under the SENTrack brand
Perth rich lister Rhonda Wyllie, former partner of Collingwood president Jeff Browne, was behind a fund that pumped almost $10 million into the company when Mr Hutchison took it over in 2018.
The release of the company’s preliminary report comes after prominent reporting on the company’s finances in The Australian’s media section last month.
“Our house is built now in audio,” he told The Australian.
More Coverage
“The footprint of our Australian and New Zealand stations and audio distribution is complete. It’s a really valuable future network across sport and racing that we look forward to extracting value from for years to come.”
No details of executive pay was included in the report, which was listed on ASIC on August 31.
Mr Hutchison received a $500,000 bonus last year, increasing his income to almost $1.5 million in 2022.
There's no other sports station to listen too. I only hate Cornhead and Wanker on this station.Well you’re listening..
I stopped listening and watching Whately years ago when he got hot and bothered over a racehorse. Embarrassing. That, and what a previous poster here described as his ‘Abe Lincoln’ schtick.the Geelong fandom is just the icing on a very putrid cake.
It seems to bother some but doesn't bother me much if I still watch or listen to their show. Just like some using the ignore option on here I don't bother using. Just laugh at their stupid ways/comments. It's better.
What does all that mean? He owes 28mill but gave himself a $500k bonus.For you Brodders no worries.
EXCLUSIVE
Craig Hutchison’s business woes after $9.2m loss
AFL media mogul Craig Hutchinson’s company is being held up by a $28 million loan that underwrites his SEN radio network and the Perth Wildcats.
Follow
@steveheraldsun
2 min read
September 14, 2023 - 5:45PM
News Corp Australia Network
Craig Hutchison’s company Sports Entertainment Group posted a $9.2 million loss. Picture: Jay Town
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.
Follow
Football big wig Craig Hutchison’s company is at risk of the Commonwealth Bank calling in a $28 million loan that underwrites his SEN radio network, the Perth Wildcats and a Super Netball league team.
Documents filed with the Australian Securities and Investments Commission state that the bank had the right to seek “immediate settlement” of the loan, which is due in August next year.
His company Sports Entertainment Group posted a $9.2 million loss in the year to June 30.
Sports Entertainment Group’s preliminary final report details the issues with its $28.7 million Commonwealth Bank loan.
The company still has slightly more than $1 million available of its $28.7 million line of credit with the bank.
Craig Hutchison’s company Sports Entertainment Group owns the Perth Wildcats. Picture: Getty Images
The report states that Sports Entertainment Group had to ask for “covenant relief” from the bank in the June quarter of this year.
“The covenant relief confirmed that the bank did not exercise its right to request immediate settlement of the liability,” the report said.
Company loans often include conditions about how much debt can be carried in comparison with the value of the company’s assets.
Shares in the company were trading at 20 cents this week, compared with 40 cents when Mr Hutchison took over the business in January 2018.
The Herald Sun asked Mr Hutchison about the loan but his office responded because he was overseas, with the Wildcats currently in Las Vegas.
“We have a close working relationship with our financier and continue to work within the parameters of our facility which is due to expire 31 August 2024 (as disclosed), with our intention to renew for a further term in due course,” a SEN statement read.
The group lost $5.5 million in its investments in its New Zealand operations, which runs a sports broadcaster under the SENZ brand.
The sale of its 20 per cent stake in the Melbourne United Basketball Club netted the company $1.8 million, but the purchase of the Wildcats added $1.1 million in “transaction costs”.
Shares in the company were trading at 20 cents this week, compared with 40 cents when Mr Hutchison took over the business in January 2018. Picture: Jay Town
The report states that earnings before interest, taxes, depreciation and amortisation (EBITDA) from its continuing operations was $4.7 million, while it also says that its digital audience on its app had reached 1.4 million monthly average users and a 27 per cent increase in revenue.
Mr Hutchison has been on a buying spree, adding the NBL and Super Netball teams, along with two small newspapers in Margaret River, Western Australia.
The company also picked up the 4KQ radio network in Brisbane, rebranding as SENQ to replicate its format in Melbourne and Sydney.
Former Australian wicketkeeper Ian Healy is the host of the SENQ breakfast show, while Hutchison also continues to pay journalist Gerard Whateley, who has been described by his colleague Tim Watson as the third highest paid AFL media personality.
Three new racing radio stations were launched in Bendigo, Southwest Gippsland and Shepparton under the SENTrack brand
Perth rich lister Rhonda Wyllie, former partner of Collingwood president Jeff Browne, was behind a fund that pumped almost $10 million into the company when Mr Hutchison took it over in 2018.
The release of the company’s preliminary report comes after prominent reporting on the company’s finances in The Australian’s media section last month.
“Our house is built now in audio,” he told The Australian.
More Coverage
“The footprint of our Australian and New Zealand stations and audio distribution is complete. It’s a really valuable future network across sport and racing that we look forward to extracting value from for years to come.”
No details of executive pay was included in the report, which was listed on ASIC on August 31.
Mr Hutchison received a $500,000 bonus last year, increasing his income to almost $1.5 million in 2022.
Is closing down or not??
