Free-to-air TV takes a $2bn tumble

Original article by Max Maddison
The Australian – Page: 25 : 24-Feb-20

Australia’s three commercial free-to-air networks have written down the value of their broadcasting licences by $2.276bn since 2015. Amongst other things, the networks are facing growing competition from subscription video-on-demand services, which are not subject to the same regulation as traditional broadcasters and do not pay tax in Australia. Research by Roy Morgan in 2019 showed that nearly 14 million Australians had a paid subscription to a streaming service.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, TEN NETWORK HOLDINGS LIMITED, ROY MORGAN LIMITED

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