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Reducing the portfolio by 20 businesses through closure, mergers and sales.
And more growth expected in the second half.
"Widespread panic probably isn’t warranted."
Analysts have cut growth forecasts and are advising clients to be underweight most of traditional media.
The company expects earnings per share to fall 5% to 10% for the full year.
“We believe the market will flatten out ... move back into growth in October and beyond."
July was weak but August is better.
And foundation shareholder RG Capital has sold down some of its holding.
Full year revenue of $661 million, up just 0.5%.
Hugh Marks: "The topline results are very positive. Nine has real operating momentum in each of our...
carsales.com is assuming a gradual recovery in Australian automotive market.
The customer experience agency will relaunch this month under the Digitas brand.
Herald Sun, The Advertiser, The Age, The Australian, The Australian Financial Review, The New Zealand...
A new series called Looking For Alaska, plus Mission: Impossible, Transformers, Star Trek franchises,...
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