Original article by Lilly Vitorovich
The Australian – Page: 19 : 6-Apr-20
Free TV Australia CEO Bridget Fair has warned that the coronavirus pandemic is likely to reduce revenue across the media sector by 40-50 per cent. Regional broadcasters are holding talks with the federal government regarding financial assistance; they are believed to have cited factors such as the complexity of their operations, their large broadcast areas and the fact that metropolitan affiliates receive a significant proportion of their revenue. The print media is also struggling, with publication of some regional and community newspapers having been suspended due to the pandemic.
FREE TV AUSTRALIA LIMITED, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, PRIME MEDIA GROUP LIMITED – ASX PRT, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMMUNITY MEDIA, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BAUER MEDIA AUSTRALIA PTY LTD, PACIFIC MAGAZINES PTY LTD, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS