Original article by Darren Davidson
The Australian – Page: 21 : 25-Aug-17

Write-downs resulted in Nine Entertainment Company reporting a 2016-17 net loss of $A203.4m, although its underlying profit was 2.7 per cent higher at $A123.6m. Revenue of $1.24bn was three per cent lower. CEO Hugh Marks says Nine is keen to acquire the rights to the Big Bash League as well as renew its existing cricket broadcasting rights, and he hopes for a swift conclusion to negotiations with Cricket Australia. However, he has cautioned that the subdued advertising market means Nine cannot afford to pay much more than at present for sports broadcasting rights.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, CRICKET AUSTRALIA, STAN ENTERTAINMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, AMAZON.COM INCORPORATED, TWITTER INCORPORATED, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, YOUTUBE INCORPORATED, FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, BIG BASH LEAGUE