Nine’s mastheads report first revenue growth in three years

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9’s metropolitan mastheads The Sydney Morning Herald and The Age have recorded the primary interval of income development in three years on the again of sturdy digital income and elevated readership.

The free-to-air broadcaster reported strong outcomes for the information titles within the first six months of the 2019 monetary 12 months after merging with newspaper writer Fairfax Media in December, with notable development within the publishing division.

Nine's results show growth for its newspaper titles after the merger with Fairfax Media last year.

9’s outcomes present development for its newspaper titles after the merger with Fairfax Media final 12 months.Credit score:AAP

The broader digital and publishing arm reported income of $328 million and a 39 per cent improve in revenue (earlier than curiosity, tax, depreciation and amortisation) to $60 million. This included Metro Media mastheads like The Sydney Morning Herald and The Age, catch-up app 9Now and titles like Pedestrian, CarAdvice and 9.com.au.

The Metro Media titles noticed a four per cent rise in income from $231.9 million within the first half of 2018 to $240.eight million over the newest interval, following three years of single-digit income falls.

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