Business
Nine Entertainment reports $575m loss after ‘disappointing’ year – The Guardian
Revenue rises at streaming service Stan but slumps at company’s radio network Macquarie Media and at Sydney Morning Herald and Age
Nine Entertainment has declared a loss for the year of $575m after slashing the value of assets, including its TV license, amid a move by consumers towards streaming services.
The companys radio network, Macquarie Media, also had what Nine chief executive Hugh Marks called a disappointing year, with revenue falling in a year where flagship broadcaster Alan Jones was embroiled in controversy and left the company.
Marks said continued cost-cutting at the group might see the end of expensive TV p…
-
General19 hours agoAmbulance response times sluggish despite Tasmanian ramping ‘ban’ promise
-
Noosa News16 hours agoBrisbane’s new bus timetable sees journey times decrease by two minutes in first three months
-
Noosa News18 hours agoGovernment auditors suspected lab was conducting shonky tests on infrastructure projects
-
Business15 hours agoWhat it means for shareholders