Original article by Lilly Vitorovich
The Australian – Page: 15 : 31-Mar-20
Nine Entertainment Company aims to reduce its costs by $266m in calendar 2020, including $102m in the first half. Amongst other things, the media giant expects its broadcasting division to achieve cost savings $130m if the entire NRL season is cancelled; this would be split across the 2019-20 and 2020-21 financial years. Nine has also advised that the coronavirus lockdown has prompted strong growth in subscriptions and usage of its Stan and 9Now streaming services.
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN ENTERTAINMENT PTY LTD, 9NOW