Original article by Darren Davidson
The Australian – Page: 18 : 14-Nov-17
Nine Entertainment Company has advised that its EBITDA for 2017-18 will be at the higher end of its newly revised range of $A204m to $A230m. It had previously flagged full-year EBITDA of between $A186m and $A207m. Meanwhile, chairman Peter Costello says the Federal Government’s cross-media ownership reforms may not lead to significant consolidation in the sector, as technology has reduced the impact of the reforms. He adds that the Nine Network’s strong ratings performance shows that the company can prosper on its own.
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION, STAN ENTERTAINMENT PTY LTD, CRICKET AUSTRALIA