Final dividend (c) 2.0, down-60.0%, payable on Oct 20
Nine chief executive Hugh Marks said advertisers are coming to terms with the COVID-19 pandemic – which forced the media company into a loss – and are positioning for a post-crisis recovery.
Unveiling a full year loss of $575 million marred by $702 million of one-off items, Mr Marks said Nine hoped to take advantage of advertisers returning to the market. Nine booked $591 million of impairments to the value of the free-to-air television business and Domain, courtesy of the coronavirus.
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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
