Broadcasters hit for six

Intelligent Investor

Independent Financial Research

Traditional TV is losing out in the battle for sporting content in America. If it’s up to Australia’s sporting codes and Foxtel, we’re next. Tuesday wasn’t a good day for the nation’s free-to-air (FTA) broadcasters. After announcing a declining advertising market and worse-than-expected ratings, shares in Nine Entertainment (ASX:NEC) fell 24% while Seven West (ASX:SWM) shares also tumbled 11%. In the past year the share prices of Seven West, Nine Entertainment and Ten Network (ASX:TEN) are down 35%, 45% and 51% respectively. Is this an opportunity to pick up a well-known company on the cheap? Probably not. The importance of sport to free-to-air broadcasters cannot be over-estimated. According to OzTam, 13 of the top 20 rated programs in 2015 were sport-related. Read full article and more from our market-beating analysts at (VIEW LINK)


Intelligent Investor
Independent Financial Research

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