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.
Estimated reading time: 0 minutes, 19 seconds
Australian Media Firms Bracing for Coronavirus Impact
Australian media companies are feeling the impact of coronavirus-driven business turmoil as companies are slashing marketing spending. So reports Ad News.
Most Read
-
-
Dec 07 2022
-
Written by CMO Tech News
Balenciaga’s creative director said in an Instagram post that he…
-
-
-
Dec 07 2022
-
Written by CMO Tech News Staff
Chief marketing officers are headed into the new year under…
-
-
-
Jan 06 2023
-
Written by CMO Tech News Staff
Southwest Airlines’ 2022 pre-Christmas meltdown has led to negative headlines,…
-
-
-
Dec 02 2022
-
Written by CMO Tech News
Luxury fashion company Balenciaga is going to court against the…
-