Nine has released its FY19 results for the 12 months to June 2019 and on a Statutory basis, reported a Net Profit After Tax of $234m, up 12% on the previous corresponding period.
 
This is despite a downturn in earnings for Macquarie Media with radio revenue down by 3%, and a 6% reduction in TV revenue.
 
Macquarie Media released its FY19 results earlier this month. (see our earlier story).
 

Comment from Peter Saxon

The Nine Entertainment Group has finally made John Singleton an offer for his holding of Macquarie Media Shares.

The Australian is reporting this morning that Alan Jones is set to sign a 2-year deal with Macquarie Media following months of speculation on the broadcaster’s future.
 

Survey one is out tomorrow and there will be plenty of interest around revamped breakfast shows and now some added spice with reports Andrew Bolt and possibly Alan Jones departing from Macquarie Media.

The Sydney Morning Herald is reporting that one of Nine Entertainment’s top shareholders is cautioning the network about acquiring John Singleton’s share of Macquarie Media.

For the first time, radioinfo is covering the results of a tv company.

But Nine Entertainment Co is no longer just a tv station. With the Fairfax merger Nine now owns newspapers, digital assets and the largest share of Macquarie Media.

The company delivered its first half year report today, for the six months to December 2018.

On a Statutory basis, Nine reported a Net Profit After Tax of $172m, down 1% on the previous corresponding period.

Nine have announced their new corporate structure to come into effect next Monday following the merger with Fairfax

Today the Federal court has ruled in favour of the merger between Nine and Fairfax, the final step for the two companies to become one.