Craig Shepherd
Craig Shepherd
bit good nine people percent revenue surprised tv
They probably surprised a little bit on the profitability of the Nine Network, which was a good surprise. Their revenue on TV was down and EBITDA was down 13.1 percent but I think a lot of people thought it would be down more than that.
laid line network nine rather ratings run
They laid it on the line that the Nine Network would be run for profitability rather than ratings going forward.
followed needs next
That needs to be followed through over the next 18 months.
beat clear full last lower moderately revenue year
It was just moderately lower than our expectations. With the first-half result, it is clear revenue would not necessarily beat last year's, in full year terms.
confidence expertise fact gives good low margin operation turned zealand
The fact they've turned a low margin operation into a good margin operation demonstrates to me that there is expertise there and gives me some confidence in their New Zealand purchase.