Original article by Jake Mitchell
The Australian – Page: 28 : 5-May-16

Macquarie Securities estimates that Nine Entertainment Company’s EBITDA will increase by $A10.9m due to the reduction in broadcasting licence fees in the Australian Government’s May 2016 Budget. The EBITDA of Seven West Media and Ten Network will rise by $A12.1m and $A7m respectively. Seven West CEO Tim Worner says the 25 per cent reduction in the annual licence fee is insufficient for commercial TV networks to remain competitive.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, MACQUARIE SECURITIES PTY LTD, NIKKO ASSET MANAGEMENT GROUP, STANDARD AND POOR’S ASX 200 INDEX, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL