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Nine CEO sees ‘world of growth in publishing’ as network slashes costs
Developing
“There’s a number of variables that fly around, not just in news media bargaining, but yes, there is a world of growth in publishing,” Stanton said. Get the most important news as it breaks Nine reported broadly flat revenue streams from its publishing arm, and a small decline from its streaming and broadcast unit, despite a record result for Stan.
Stanton said the company was focusing on “growth assets”, which include its newly acquired digital outdoor media company QMS, while it reduces exposure to “structurally challenged and smaller assets”. He said Nine also had a “good pipeline” of AI deals coming through after recently signing an agreement allowing Microsoft’s Copilot to access content.
What's confirmed
What's still developing
- “There’s a number of variables that fly around, not just in news media bargaining, but yes, there is a world of growth in publishing,” Stanton said.
- He said Nine also had a “good pipeline” of AI deals coming through after recently signing an agreement allowing Microsoft’s Copilot to access content.
- Get the most important news as it breaks Nine reported broadly flat revenue streams from its publishing arm, and a small decline from its streaming and broadcast unit, despite a record result for Stan.
- Stanton said the company was focusing on “growth assets”, which include its newly acquired digital outdoor media company QMS, while it reduces exposure to “structurally challenged and smaller assets”.
Sources
- The Guardian — source text fetched for this pass link