CVC-backed Nine Entertainment expects modest profit growth in coming year
CVC-owned Nine Entertainment posted EBITDA of A$414.9 million for the fiscal year ending June, up 16.4% year-on-year, but it forecasts modest growth this year – a reflection of the challenges facing most Western media companies that rely heavily on advertising markets, The Australian reported.
Nine's growth came on the back of stronger earnings from its television, Ticketek, Acer Arena and Ninemsn divisions, while an 18.5% fall income for magazine unit ACP - which accounts for about 30% of total...
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