TV bosses warn investors of continued market squeeze for the rest of financial year

Two of the three major commercial networks, Seven and Nine, have warned investors that the TV market has and will continue to feel the squeeze in the second half of the financial year, flagging a “short” market with “limited visibility”.

Warburton and Sneesby

Seven West Media’s managing director and CEO, James Warburton, spoke at the Macquarie Australia Conference in Sydney yesterday, while Nine Entertainment Co’s CEO, Mike Sneesby, is scheduled to present tomorrow. The latter posted an introductory comment on the ASX this morning.