Original article by Max Mason
The Australian Financial Review – Page: 27 : 9-Jun-15
Nine Entertainment Company has attributed a profit downgrade to a subdued TV advertising market in the second half of 2014-15. The media group has advised that its full-year EBITDA will be within the range of $A285m to $A290m, compared with earlier guidance of $A311m. Entcho Raykovski of Deutsche Bank expects free-to-air ad revenue to be three per cent lower in the second half.
CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DEUTSCHE BANK AG, PERPETUAL LIMITED – ASX PPT, UBS HOLDINGS PTY LTD, WARNER BROS