Nine’s AGM highlights: Streaming growth and Olympics
Nine Entertainment Group (ASX:NEC) has released a trading update ahead of its 10am Annual General Meeting today.
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Nine Entertainment Co. Holdings Limited
Nine is Australia’s largest locally owned media company with investments spanning television, video on demand, print, digital, and radio. Nine’s assets include the Nine Network, major mastheads such as The Sydney Morning Herald, The Age and Australian Financial Review, digital properties such as nine.com.au, 9Honey, Pedestrian.TV, and CarAdvice, subscription video platform Stan, talk-back radio and majority investments in Domain and Future Women.
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News
Nine CEO resigns amid workplace allegations
For the second time in five years, Nine Entertainment (ASX:NEC) has lost its CEO with the taint of non-financial issues hanging over the company.
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Nine Entertainment reports tough year for media sector
Nine Entertainment (ASX:NEC) has confirmed that the country's media sector is struggling, with declining revenue and earnings. However, unlike its rivals, Seven and Ten, Nine will still pay a dividend, albeit at a lower rate of 8.5 cents per share for the year.
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Nine Entertainment joins dividend cut trend amidst revenue decline and market challenges
Nine Entertainment (ASX:NEC) has become the latest addition to the growing list of companies reducing their dividends during this June 30 reporting season.
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Stock Scuttlebutt: NEC, SUL
The Macquarie conference this week has proved a bit of a confessional for the presenting companies, and Nine Entertainment and Super Retail were no different on Thursday.
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Local Media on a Sticky Wicket Right Now
Analysts will be watching the Nine presentation at the Macquarie conference to see by how much Seven’s experience in weakening revenues shows up in its TV and newspapers.
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Hefty Payout Increase Sees Nine Trump Seven
Nine Entertainment will match rival Seven West Media in buying back up to 10% of its shares but also go one better by paying its shareholders a record dividend.
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Seven West, Nine Entertainment Talk Up Prospects
Updates from two of our major locally listed media groups, Seven West Media and Nine Entertainment, with both forecasting strong rises in earnings for the June full financial year.
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NEC – UBS rates the stock as Buy
UBS retains a Buy rating and raises the target to $3.85 from $3.10.
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