One of the toughest advertising markets of the past decade has forced radio network Macquarie Media to downgrade its earnings expectations for 2018-19.
On Monday, Macquarie Media warned it now expected earnings before interest, tax, depreciation and amortisation to come in between $27 million and $29 million for the 2018-19 financial year, down from previous guidance of between $29 million and $32 million.
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Max Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
