TV networks under 'severe duress' as ad revenue shrinks
Channel Ten says its industry is "under severe duress" and it may report annual losses of $30 million for this financial year.
Lucy Battersby has covered trends, technology and telecommunications since joining The Age in 2008.
Channel Ten says its industry is "under severe duress" and it may report annual losses of $30 million for this financial year.
Australia's largest telecoms company has posted an unexpected 11.8 per cent fall in first-half profit, dragged down by falling revenues for its mainstay fixed-line and mobile telephone business.
Seven West Media's profit is 90 per cent lower in the first half of this financial year compared to the same period last year, primarily due to $83.3 million of impairments related to Yahoo7, the failed Presto joint venture, selling Sky News, and selling youth magazine titles.
A courtroom battle between Australia's two dominant real estate websites has come to an end, with a judge finding most of a controversial advertising campaign from Domain did not breach consumer laws.
Amber Harrison has thrown another grenade at Channel Seven, tweeting what appears to be internal emails sent between executives before and during a controversial Federal Police raid on the network's offices over alleged deals with the Corby family.
Communications Minister Mitch Fifield has urged Australia Post chairman John Stanhope to appear at Senate estimates in two weeks to justify the high salaries at the government-owned business.
Alan Jones' bad back is keeping him off air for another week, with the high-rating morning radio host expected to be away until February 20.
NBN Co's losses widened to $1.6 billion in the second half of 2016, from a $1 billion loss in the same period in 2015.
A Senate committee has refused Australia Post's request to keep managing director Ahmed Fahour's $5.6 million salary a secret.
The government is looking for a new data base providing monthly updates on investment returns, which could allow it to reduce or increase the Centrelink and pension benefits it pays out as markets rise and fall.
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