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NINE ENTERTAINMENT CO HOLDIN

0.970

-0.005-0.51%

Volume:9.18M

Turnover:8.87M

Market Cap:1.54B

PE:3.03

High:0.975

Open:0.965

Low:0.952

Close:0.975

52wk High:1.223

52wk Low:0.835

Shares:1.59B

Float Shares:1.26B

Volume Ratio:1.32

T/O Rate:0.73%

Dividend:0.09

Dividend Rate:8.76%

EPS(TTM):0.320

EPS(LYR):0.320

ROE:-22.89%

ROA:3.30%

PB:1.30

PE(LYR):3.03

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Overview Company News Filings

Market Chatter: Nine Entertainment Rival Foxtel Offers Multi-Billion Bid for NRL Rights, AFR Says

MT Newswires Live

Vinyl Group to Acquire Pedestrian Group From Nine Entertainment Unit

MT Newswires Live

Nine Looks Positioned for Ad-Market Turnaround -- Market Talk

Australian Advertising Market Falls in April Compared With Last Year's Federal Election Boost, Jefferies Says

MT Newswires Live

Nine Entertainment Completes AU$21 Million Sale of Regional Television Assets

MT Newswires Live

Nine Entertainment Co - Deal Receives All Regulatory and Shareholder Approvals

THOMSON REUTERS

Nine Entertainment Co - Completes Sale of Nbn and Nine Darwin to Win Network

THOMSON REUTERS

Market Chatter: Nine Entertainment Faces Rival Bid From Foxtel for NRL Coverage, AFR Reports

MT Newswires Live

Nine Entertainment Relaunching Online Platform With Simplified Presentation

MT Newswires Live

TKMS To Cooperate With Isar Aerospace

Nine Entertainment Gains Exposure to Resilient Outdoor Ad Market Via QMS Deal, Says Jefferies

MT Newswires Live

BUZZ-Jefferies reinitiates coverage on Australia's Nine Entertainment with 'buy' tag

Jarden Upgrades Nine Entertainment to Buy from Overweight, Adjusts Price Target to AU$1.15 from AU$1.30

MT Newswires Live

BRIEF-Nine Entertainment Says Q4 Is Being Impacted By A Confluence Of Uncertainty, Others

Nine Entertainment Co Holdings Ltd - Restructure of Nbn and Nine Darwin Expected to Complete by End of June

THOMSON REUTERS

Nine Entertainment - Q4 Is Being Impacted by a Confluence of Uncertainty, Both International and Local

THOMSON REUTERS

Nine Entertainment Co Holdings Ltd - Expects FY26 Total Television Costs to Decline Mid-High Single Digits Versus FY25

THOMSON REUTERS

Nine Entertainment Co Holdings Ltd-Macquarie Conference Presentation and Trading Update

THOMSON REUTERS

BUZZ-UBS projects rate hikes, Middle East conflict to hit Australian media

Nine Entertainment Completes Sale of Broadcast Radio Assets to Laundy Family Office for AU$56 Million

MT Newswires Live

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Chatter: Nine Entertainment Rival Foxtel Offers Multi-Billion Bid for NRL Rights, AFR Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2642254689","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2642254689?lang=en_us&edition=fundamental","pubTime":"2026-06-12 13:13","pubTimestamp":1781241206,"startTime":"0","endTime":"0","summary":"Nine Entertainment (ASX:NEC) rival Foxtel has offered to buy rights to the National Rugby League (NRL) for seven years in a multi-billion-dollar proposal, according to a Friday report by the Australia","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NRL.AU","SXL.AU","NEC.AU","BK7052","AFR.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2642743430","title":"Vinyl Group to Acquire Pedestrian Group From Nine Entertainment Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=2642743430","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2642743430?lang=en_us&edition=fundamental","pubTime":"2026-06-09 08:22","pubTimestamp":1780964555,"startTime":"0","endTime":"0","summary":"Vinyl Group  is set to acquire 100% of Pedestrian Group from Nine Digital, a subsidiary of Nine Entertainment , in a non-cash transaction structured without scrip issuance or ongoing royalty obligations, according to a Tuesday filing with the Australian bourse.Completion is expected on June 15, after which the company will take full operational control and implement a restructuring projected to contribute around AU$600,000 to AU$800,000 in pro forma earnings before interest, taxes, depreciation, and amortization in fiscal 2027, per the filing.The acquisition broadens Vinyl Media's presence in youth, entertainment, and culture-driven digital media, increasing its reach to about 53% of Australians online, the filing added.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7016","NEC.AU","VNL.AU","BK7052"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640973404","title":"Nine Looks Positioned for Ad-Market Turnaround -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2640973404","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640973404?lang=en_us&edition=fundamental","pubTime":"2026-06-03 12:20","pubTimestamp":1780460400,"startTime":"0","endTime":"0","summary":"0420 GMT - Nine Entertainment's bull at Macquarie reckons the Australian media group is well positioned following the divestment of its regional TV assets. A note from one of the investment bank's analysts contends that the local advertising market may be approaching a cyclical low point, with interest rates expected to peak later this year and business confidence improving. \"Assuming inflation does not materially worsen versus expectations, we are optimistic on an improving ad market in FY27,\" the analyst writes. They anticipate incremental high-margin revenues on the expectation that the government makes digital platforms pay for content. Macquarie cuts its target price by 8.7% to A$1.05 and keeps an outperform rating on the stock, which is down 1.1% at A$0.925. ","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK7052","NEC.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640699846","title":"Australian Advertising Market Falls in April Compared With Last Year's Federal Election Boost, Jefferies Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2640699846","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640699846?lang=en_us&edition=fundamental","pubTime":"2026-06-02 08:05","pubTimestamp":1780358716,"startTime":"0","endTime":"0","summary":"The Australian advertising market fell 11.6% year on year to AU$634 million in April based on Standard Media Index data, compared with the same period last year, which was boosted by federal election spending, Jefferies said in a Monday note.The market decline was 5.5% year on year, excluding the impact of the federal election.Outdoor advertising proved to be the \"most defensive\" ad category, with underlying figures up 0.8% year on year, as billboard and street furniture segments grow.The positive outdoor trend should alleviate concerns about the outlook for Nine Entertainment Co.'s  recently acquired billboard business, QMS, which is expected to hit double-digit growth in the fourth quarter of the year, Jefferies said.Additionally, reports suggested Foxtel may partner with Seven or Ten to bid for the National Rugby League broadcasting rights, but Jefferies believes it is unlikely, with Seven broadcasting the Australian Football League and Ten facing financial pressure.Jefferies has a ","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["IISV.AU","VAP.AU","DACE.AU","BK7045","EIGA.AU","IMLC.AU","BBOZ.AU","QFN.AU","XKO.AU","E200.AU","TLT","BEAR.AU","US5Y.BOND","OML.AU","US2Y.BOND","IOZ.AU","OZF.AU","US10Y.BOND","IIGF.AU","US3Y.BOND","GEAR.AU","US7Y.BOND","BK7052","XJO.AU","GIVE.AU","TMF","SLF.AU","US6M.BOND","TLTW","OZR.AU","STW.AU","US30Y.BOND","ZYAU.AU","NEC.AU","VAS.AU","US12M.BOND","QRE.AU","XAO.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640960045","title":"Nine Entertainment Completes AU$21 Million Sale of Regional Television Assets","url":"https://stock-news.laohu8.com/highlight/detail?id=2640960045","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640960045?lang=en_us&edition=fundamental","pubTime":"2026-06-02 07:26","pubTimestamp":1780356395,"startTime":"0","endTime":"0","summary":"Nine Entertainment Co. Holdings  completed the sale of its regional television assets NBN and Nine Darwin for a total cash consideration of AU$20.5 million, converting them from wholly-owned businesses to affiliates to be owned and operated by WIN Network, according to a Tuesday Australian bourse filing.Nine will also realize cash tax benefits through the crystallization of around AU$100 million of tax losses associated with these assets.WIN will broadcast Nine's content across Northern New South Wales and Darwin under a new affiliate agreement, the filing said.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NEC.AU","BK7052"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640960377","title":"Nine Entertainment Co - Deal Receives All Regulatory and Shareholder Approvals","url":"https://stock-news.laohu8.com/highlight/detail?id=2640960377","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640960377?lang=en_us&edition=fundamental","pubTime":"2026-06-02 06:27","pubTimestamp":1780352850,"startTime":"0","endTime":"0","summary":null,"market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260601:nFWN4290RK:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["NEC.AU","BK7052"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640896030","title":"Nine Entertainment Co - Completes Sale of Nbn and Nine Darwin to Win Network","url":"https://stock-news.laohu8.com/highlight/detail?id=2640896030","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640896030?lang=en_us&edition=fundamental","pubTime":"2026-06-02 06:27","pubTimestamp":1780352850,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260601:nFWN4290RK:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK7052","NEC.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640935712","title":"Market Chatter: Nine Entertainment Faces Rival Bid From Foxtel for NRL Coverage, AFR Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2640935712","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640935712?lang=en_us&edition=fundamental","pubTime":"2026-06-01 14:34","pubTimestamp":1780295673,"startTime":"0","endTime":"0","summary":"Nine Entertainment (ASX:NEC) is facing a rival bid from competitor Foxtel for the National Rugby League's (NRL) streaming rights, as Foxtel has pitched for all the NRL rights, according to a Monday re","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NRL.AU","BK7052","NEC.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640987715","title":"Nine Entertainment Relaunching Online Platform With Simplified Presentation","url":"https://stock-news.laohu8.com/highlight/detail?id=2640987715","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640987715?lang=en_us&edition=fundamental","pubTime":"2026-06-01 11:21","pubTimestamp":1780284116,"startTime":"0","endTime":"0","summary":"Nine Entertainment  is relaunching its online gateway, shifting away from a fragmented platform toward a \"cleaner\" presentation focused on the six areas of news, sport, lifestyle, travel, entertainment, and shopping, according to a Monday statement.The re-launch includes a new app that rolls 9News into a nine.com.au-branded app, and will also feature a range of premium content, including video podcasts.As part of the initiative, 9Honey will be folded into the lifestyle domain, while wwos.com.au will fall under sport but still contain Wide World of Sport and Stan Sport branding. All of the 9Network's current television programming will continue to have its own sites under a TV pillar.\"The move to a single domain will allow Nine to quickly launch focused micro-newsletters for major events, such as federal elections, budgets, and cultural moments, and innovate with products that allow for deeper brand integration,\" the company said.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7052","NEC.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2636868128","title":"TKMS To Cooperate With Isar Aerospace","url":"https://stock-news.laohu8.com/highlight/detail?id=2636868128","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2636868128?lang=en_us&edition=fundamental","pubTime":"2026-05-20 00:01","pubTimestamp":1779206489,"startTime":"0","endTime":"0","summary":"May 19 (Reuters) - TKMS ::*COOPERATES WITH ISAR AEROSPACE: NEW LAUNCH INFRASTRUCTURE FOR CANADA’S SPACE CAPABILITIES*AIMS TO FURTHER DEVELOP ITS OWN  CAPABILITIES IN THE FIELD OF MULTI-DOMAIN OPERATIO","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260519:nRSD6pvBvg:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4216","FUN","NEC.AU","BK7052","BK4590"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635229501","title":"Nine Entertainment Gains Exposure to Resilient Outdoor Ad Market Via QMS Deal, Says Jefferies","url":"https://stock-news.laohu8.com/highlight/detail?id=2635229501","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635229501?lang=en_us&edition=fundamental","pubTime":"2026-05-13 07:19","pubTimestamp":1778627980,"startTime":"0","endTime":"0","summary":"Nine Entertainment's  acquisition of QMS Media gives the company exposure to a more resilient advertising medium, outdoor or out-of-home advertising, Jefferies said in a note on Tuesday.Banking on the deal and streamlining efforts taken by Nine Entertainment, such as the divestment of radio assets and the conversion of its wholly owned regional television station into an affiliate, the investment firm reinstated coverage of the company.The outdoor industry has seen revenue grow by around 9% over more than a decade, while outdoor ad spending by companies has declined roughly 3.3% year-to-date compared with a 9.2% fall in the broader ad market. Jefferies added that QMS, with its high-quality asset base, offers some buffer against the cyclical nature of the ad market.In television, Nine Entertainment is seen gaining share as its competitor Seven West Media undergoes structural changes, including a merger with SXL and board changes.Jefferies brought back its coverage with a buy rating and ","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7052","NEC.AU"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2635242556","title":"BUZZ-Jefferies reinitiates coverage on Australia's Nine Entertainment with 'buy' tag","url":"https://stock-news.laohu8.com/highlight/detail?id=2635242556","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2635242556?lang=en_us&edition=fundamental","pubTime":"2026-05-13 03:33","pubTimestamp":1778614425,"startTime":"0","endTime":"0","summary":"BUZZ-Jefferies reinitiates coverage on Australia's Nine Entertainment with 'buy' tag** Jefferies reinitiates coverage on Nine Entertainment Holdings NEC.AX with \"buy\" rating and price target of A$1.30, a 35.4% premium to stock's last close** Nine is a media firm and publisher of The Australian Financial Review, The Sydney Morning Herald and The Age** Jefferies says following the acquisition of outdoor advertiser QMS Media, Nine is more resilient to a downturn in the ad market given its Outdoor segment is a \"growing media category\"** Brokerage adds QMS is outpacing industry growth, given its skew towards digital and metro areas** Jefferies also says Nine is taking market share in the TV segment, amid ongoing disruption at rival Seven West Media, which has since merged with Southern Cross Media SXL.AX** Notes co's publishing subscription revenue grew 15% in Q3 with positive momentum continuing into Q4, but expects margins will be impacted by higher fuel costs** Nine down 13.5% so far thi","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260512:nL4N41P24Y:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SXL.AU","NEC.AU","BK7052"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2633831661","title":"Jarden Upgrades Nine Entertainment to Buy from Overweight, Adjusts Price Target to AU$1.15 from 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Uncertainty, OthersMay 5  - Nine Entertainment Co Holdings Ltd NEC.AX:MACQUARIE CONFERENCE PRESENTATION AND TRADING UPDATECOMPLETES ACQUISITION OF QMS MEDIA AND SALE OF NINE RADIORESTRUCTURE OF NBN AND NINE DARWIN EXPECTED TO COMPLETE BY END OF JUNEQ4 IS BEING IMPACTED BY A CONFLUENCE OF UNCERTAINTY, BOTH INTERNATIONAL AND LOCALEXPECTS FY26 TOTAL TELEVISION COSTS TO DECLINE MID-HIGH SINGLE DIGITS VERSUS FY25Further company coverage: NEC.AX 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media","url":"https://stock-news.laohu8.com/highlight/detail?id=2632169930","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2632169930?lang=en_us&edition=fundamental","pubTime":"2026-05-01 10:28","pubTimestamp":1777602485,"startTime":"0","endTime":"0","summary":"BUZZ-UBS projects rate hikes, Middle East conflict to hit Australian media ** UBS updates outlook on Australian media to reflect impact on ad spend due to the Middle East conflict and likelihood of fu","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260501:nL4N41E02L:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4111","BK4585","A1N.AU","BK7038","NWS.AU","NEC.AU","LU1169589451.USD","LU1169590202.USD","BK7052","BK4588","NWSA"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2631502502","title":"Nine Entertainment Completes Sale of Broadcast Radio Assets to Laundy Family Office for AU$56 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2631502502","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2631502502?lang=en_us&edition=fundamental","pubTime":"2026-04-30 14:35","pubTimestamp":1777530904,"startTime":"0","endTime":"0","summary":"Nine Entertainment  completed the sale of 100% of its broadcast radio assets to the Laundy Family Office for a cash and debt-free enterprise value of AU$56 million, as well as a future cash tax benefit of AU$51 million, according to a Thursday Australian bourse filing.The company said it expects Laundy to remain a long-term partner, with the Laundy Group intending to utilize Nine News journalists on radio, showcase Stan Sport through Laundy venues, and provide promotion, advertising sales collaboration, and increased advertising spend on Nine properties.Nine said it retains a \"growing presence\" in the digital audio market through podcasts, text-to-audio, and vodcasts, leveraging its video production and distribution capabilities, with monetization through its existing sales teams both on-platform via 9Now, Stan, and publishing mastheads and off-platform.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NEC.AU","BK7052","BK6025","BK6052","BK6512","5SY.SI","BK6139"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":3,"pageCount":2,"totalSize":55,"code":"91000000","status":"200"}]}}