Nine won’t rush into mergers, Costello declares

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.

CORPORATES
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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s