Nine executives’ bonuses take a hit as profits plummet 31% in soft ad market

Drop in revenue in broadcasting and publishing partly offset by increase in income from Stan and DomainFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastNine Entertainment has recorded a steep 31% slide in annual net profit to $134.9m in a challenging year for Australia’s biggest media company, which saw significant cuts to its publishing division and the departure of chairman Peter Costello.Nine is still ahead of rival media company Seven West Media, which had full-year profits falling 69% to $45m.Sign up for Guardian Australia’s breaking news email Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2024-08-28 06:35:43 UTC ]

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