Gambling on Licence Fee Cuts for Free-to-Air Television Operators
Odds are shortening that licence fee relief will be included in the Federal budget on May 9. The government can only take so much haranguing from the no-moat-rated free-to-air television networks, especially as the 3.375% impost on gross broadcast revenue is undeniably higher than most other countries. Even more undeniable is the fact that free-to-air television's share of the advertising pie in Australia has slumped from 32% a decade ago to just 24% currently, reducing industry EBITDA margin fr...Nine Entertainment Co. Holdings is engaged in the television broadcasting and program production and digital, internet, subscription television, and other media sectors. Co. manages its business based on two reportable segments: television, which includes free to air television activities; and digital, which includes its Nine Digital Pty Limited subsidiary and other digital activities.
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