Nine withdraws profit guidance for 2020 financial year as market becomes ‘increasingly difficult’ to predict

March 19, 2020 10:20

Another media company has withdrawn its profit guidance for FY20 with Nine announcing to the Australian Securities Exchange (ASX) today that the impact of coronavirus (COVID-19) has made the future volatile for the broadcaster.

Nine said the ad market was “increasingly difficult to reliably predict”.

Nine has withdrawn its FY20 guidance

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

Topics

Latest

ARN upfront: Sensible meets madcap with a touch of TV

Murdoch power player Siobhan McKenna retires from News Corp

OMD pips EssenceMediacom to top spot in Recma rankings after review

ARN steps up with ‘intimacy at scale’

Meta's price per ad up 10% in strong quarter marred by big tax bill

Nine withdraws profit guidance for 2020 financial year as market becomes ‘increasingly difficult’ to predict

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

SUBSCRIBE