Shares of Nine, News Corp, Sky, oOh!media, Southern Cross and Seven are down by an average of 37% this year, per calculations from Morningstar. Investment bank UBS cut revenue forecasts for metro radio and TV to 10% negative growth.
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Australian Media Firms Bracing for Coronavirus Impact
- Sunday, Mar 15 2020
- Written by CMO Tech News Staff
Australian media companies are feeling the impact of coronavirus-driven business turmoil as companies are slashing marketing spending. So reports Ad News.