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Media Super salutes 30th with strong results

Tuesday, 10 October 2017
By Graham Osborne

‘A rock-solid supporter of the printing industry’: Graeme Russell, CEO Media Super

Print and media industry fund Media Super celebrated its 30th birthday with another year of double-digit returns to finish in the top 15 of Australian super funds.

Media Super’s Balanced (MySuper) option – in which most members are invested – returned 11.53% for the financial year to 30 June 2017, compared to the median return of 10.53%. The pension Balanced investment option returned 12.49 percent, well ahead of the median return of 11.23%.

 “We’re very happy with the results, with our Balanced (MySuper) returning a very strong result for the 75 percent of our members who are invested in that option,” says Graeme Russell, CEO Media Super.

Media Super’s Balanced (MySuper) option is diversified across shares, property, infrastructure, fixed interest and cash investments, as well as various alternative investments, such as R&D and the Fulcrum film and television financing fund.

Russell believes the printing industry has generally stabilised in recent times and he’s optimistic about the future.

“The changes in the printing and media industry over the past 30 years have been quite massive and the printing industry has faced with some very significant challenges over the past five or six years with a lot of job losses as people moved away from using print media. But my assessment is that it now seems to have stabilised somewhat. A lot of major printing companies have sorted themselves out by upgrading or modernising equipment and are seeking out new opportunities, there are a lot of success stories involving smaller, innovative printers and there’s been an expansion in the graphic design sector, with more people now working in that space.

“There is still some shakeout to come, especially with smaller, family-owned printers, and we are working closely with the PIAA to help those companies develop into becoming 21st century businesses or to transition out of the industry.”

Russell is also optimistic that recent changes to media ownership laws will create a more level playing field for Australian media companies. “You’ve have multinationals like Google and Facebook sucking up the advertising market without any rules governing them in terms of paying their fair share of taxes. Hopefully, the government will now be able to take that on.”

Although the lines between the printing and media sectors are sometimes blurred, Russell says printing industry workers make up the majority of Media Super members and the company has long been a supporter of the industry.

“One of the things I’m most proud of is that over the past 30 years we’ve always been a rock-solid supporter of the printing industry. We’re major supporters of the PIAA and AGDA and, of course, the Media Super National Print Awards, as well as the PICAs, the Country Press Association awards, and the print apprentice of the year at the Diemen awards.”

For more information, visit Media Super’s Yearbook site.

 

 

 

 

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