Report
Brian Han
EUR 100.00 For Business Accounts Only

Earnings growth likely in fiscal 2019 as ratings recover and costs are cut.

The changing of the Australian cricket telecast rights holder from 2018/2019 summer has no impact on our fair value estimates for Nine Entertainment (AUD 1.50), Seven West Media (AUD 0.66), and News Corporation (USD 16.00).
As foreshadowed in our report on April 9, 2018 titled "Premature Exhilaration in Free-to-Air TV?," Cricket Australia brushed aside the "ball-tampering" scandal and secured a nominal 64% lift on a per-year cost basis with the new six-year, AUD 1.2 billion broadcast deal with S...
Underlying
Seven West Media

Seven West Media has four reportable segments: Television, which is engaged in the production and operation of commercial television programming and stations; Newspapers, which is comprised of the publishers of newspapers and insert magazines in Western Australia, Quokka (weekly classified advertising publication), Colourpress, Digital publishing and West Australian Publishers; Pacific -which is comprised of the publishers of magazines in print and digital editions as well as social and e-commerce business; as well as Other Business and New Ventures, which is made up of equity accounted investees; Radio (radio stations broadcasting in regional areas of Western Australia) and RED Live..

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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