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Global Showbiz Briefs: ‘Amazing Race Canada’, Nine Network, Quickflix

By | Sunday December 2, 2012 @ 6:38pm PST

The Amazing Race Sprints North To Canada
CBS’ The Amazing Race host Phil Keoghan announced tonight that viewers north of the border can look forward to their own The Amazing Race Canada that will air on Canada’s CTV, which has licensed format rights from Disney-ABC Domestic Television. The Amazing Race Canada will launch in Summer 2013. Competition will take place within Canada, which features a variety of rugged, challenging terrain. Insight Productions will produce with the support of Bertram van Munster and Elise Doganieri’s Profiles Television. Casting, host, and other information about the show will be announced during the coming months. Read More »

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Australia’s Nine Entertainment Mulls Magazine Unit Sale (But Not To Harry Sloan)

By | Thursday August 2, 2012 @ 11:30pm PDT

Don Groves is a Deadline contributor based in Sydney.

The debt-ridden private equity owners of the Nine Entertainment Co. are poised to sell the ACP Magazines division after meeting with potential buyers including Germany’s Bauer Media Group, the Sydney Daily Telegraph reports. That suggests the rumored $A3 billion ($3.1 billion) offer for Nine Entertainment from former Hollywood MGM mogul Harry Sloan and U.S. private equity group TPG hasn’t developed. A source close to Nine Entertainment tells Deadline that Sloan-TPG were “tirekickers” who were never going to make a serious bid. Read More »

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Sloan & TPG Eye A $3B Bid For Australia’s Nine Entertainment

By | Thursday July 19, 2012 @ 5:29pm PDT

Don Groves is a Deadline contributor based in Sydney

The hedge fund which bought Australia’s Nine Network and magazine group from James Packer for $A5.5 billion in 2007 and has since struggled to pay down the debt may have find a lifeline- although it may be forced to take a sizable haircut.  Hollywood mogul Harry Sloan is teaming with private equity group TPG to launch a $3 billion bid for Nine Entertainment Co., according to The Australian Financial Review. Nine’s owner, CVC Asia Pacific, is under pressure to do a deal as it is obliged to repay $2.8 billion in senior debt in February 2013. It also owes about $1 billion to mezzanine or second-tier lenders led by a Europe-based Goldman Sachs fund. The paper said TPG managing partner Ben Gray met with Nine chief executive David Gyngell and other senior management in Sydney this week.  Nine comprises  east coast free-to-air TV stations, ACP Magazines, the Ticketek agency, the Allphones Arena in Sydney  and a 50 per cent share in NineMSN. In May the Fin Review reported Sloan had met with CVC Australia boss Adrian McKenzie to discuss a proposal whereby Sloan’s  Global Eagle Acquisition Corp.  would raise the capital to pay back Nine’s senior lenders and take a controlling stake in a refinanced Nine listed on the Nasdaq. Read More »

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