Nine’s Marks thinks outside the box

Original article by Darren Davidson
The Australian – Page: 19 & 22 : 26-Feb-16

Nine Entertainment Company has posted a 2015-16 interim net profit of $A78.4m, which is 6.1 per cent lower than previously. Revenue of $A690m was down five per cent. CEO Hugh Marks has flagged a greater push to reduce costs and increased investment in the Stan video-on-demand service. Marks supports the Federal Government’s plan to abolish the "reach rule" and the "two-of-three rule" with a single bill, arguing that both reforms are necessary. Peter Costello will succeed David Haslingden as Nine’s chairman.

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