Nine feels squeeze of ad market

Original article by Lilly Vitorovich
The Australian – Page: 17 & 24 : 13-Nov-19

Nine Entertainment Company has downgraded its underlying earnings growth forecast for 2019-20 due to challenging conditions in the advertising market. CEO Hugh Marks has told the group’s AGM that there was a 6.4 per cent decline in the metropolitan free-to-air TV advertising market in the first quarter, and the outlook has not improved in the second quarter. Meanwhile, Nine chairman Peter Costello has called for digital platforms to be subject to the same regulations as traditional media companies.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE MEDIA LIMITED – ASX MRN, 2GB, RADIO 4BC BRISBANE PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, STAN ENTERTAINMENT PTY LTD, WALT DISNEY COMPANY

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