|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.11 - 13.34|
|52 Week Range||10.99 - 14.68|
|PE Ratio (TTM)||-34.68|
|Dividend & Yield||0.20 (1.49%)|
|1y Target Est||N/A|
News Corp has moved closer to gaining a foothold in Australia's free-to-air television market following a decision by competition authorities to clear the proposed purchase of Ten Network by a consortium ...
CANBERRA, Australia (AP) — Nine Entertainment Co. is the latest Australian free-to-air television network owner in the red, posting a 203 million Australian dollar ($160 million) loss for the last fiscal year due to a weak advertising market and asset write downs.
Australia's antitrust regulator cleared on Thursday a consortium led by News Corp Co-Chairman Lachlan Murdoch to buy free-to-air television broadcaster Ten Network Holdings Ltd, saying the move would not harm competition. Australian Competition and Consumer Commission Chairman Rod Sims said that while the deal would reduce diversity of opinion in a market already dominated by a handful of companies including News, it would not "substantially lessen competition".