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|Stan to ‘break even’ by 2019, despite imminent arrival of CBS All Access|
Stan, the subscription video on demand service which is currently a joint venture between Nine and Fairfax, is still making losses, but will break even during the 2019 financial year, CEO of Fairfax Greg Hywood has claimed. Hywood has also talked down the threat of CBS All Access and said Stan will maintain its market […]
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|‘People search online but buy in-store’ – why the high street is still booming|
It would be folly to suggest the Australian high street is not under pressure. It has been for years. How can it not be when online stores – recognised and respected international brands at that – have muscled in on a landscape once dominated by the physical presence of our domestic retailers. They have eaten […]
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|HT&E reports falling Adshel revenue as it awaits merger approval|
Here, There and Everywhere’s street furniture business, Adshel, is recovering from the loss of the Yarra Trams contract last year, as it awaits regulators’ approval for its acquisition by Ooh Media, investors were told today. According to the half year results from HT&E – which owns Australian Radio Network, Adshel, Conversant Media, Unbound and Emotive – […]
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|Fairfax racks up $63.8m loss, but CEO says business is now in ‘good shape’|
Fairfax brought in revenue of $1.688bn during the 2018 financial year, a 3.1% drop from the prior corresponding period, the company’s statutory results revealed today. The results also showed a net loss after tax of $63.8m, compared to a net profit of $83.9m last year. CEO Greg Hywood, however, said the company’s underlying results – which […]
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