|Bid||2.2400 x 0|
|Ask||1.8950 x 0|
|Day's Range||2.0200 - 2.0600|
|52 Week Range||1.3050 - 2.3000|
|Beta (3Y Monthly)||2.07|
|PE Ratio (TTM)||11.72|
|Forward Dividend & Yield||0.10 (4.88%)|
|1y Target Est||N/A|
The deal makes Nine Entertainment Australia's first media company with outright ownership in free-to-air television, print and radio assets since the government relaxed ownership rules in 2017. Nine said it unit Fairfax Media would make an all-cash offer of A$1.46 for each Macquarie Media share, a discount of 16.3% to Macquarie's last closing price on August 2. In a separate statement, directors of Macquarie said they recommended Nine's offer to shareholders, in the absence of a superior proposal.
Australia's national broadcaster and two biggest newspaper publishers called on the government on Wednesday to protect press freedom, declaring media laws outdated, inconsistent and used by the powerful to keep embarrassing information secret. The state-funded Australian Broadcasting Corp (ABC), News Corp's Australian arm, and broadcaster and newspaper publisher Nine Entertainment Co Holdings Ltd made the demand after a series of police raids, adverse court rulings and criminal prosecutions of journalists. The rare show of unity by Australia's usually tribal media industry underscored concern about a lack of legal protection for journalists.
Australian prosecutors are seeking jail and fines for dozens of journalists and media outlets for alleged contempt of court over their coverage of Cardinal George Pell's child sex abuse trial last year, a court summons showed on Tuesday. The Director of Public Prosecutions in Victoria has asked the state's Supreme Court to send journalists to jail or impose fines for breaching a suppression order on coverage of the trial, aiding and abetting overseas media's contempt of court, and "scandalising the court".
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...