Nine Entertainment share price jumps 10 per cent after revealing earnings growth
Australian Financial Review · Sam Buckingham-Jones ·
Under-pressure Nine Entertainment chief executive Matt Stanton revealed key details about The Australian Financial Review on Friday.
Nine Entertainment has denied it is considering selling its premium business masthead The Australian Financial Review after revealing the publication’s profit margin and five-year growth rate for the first time in a trading update that sent the company’s share price up 10 per cent to 80¢.
The share price rise was a welcome change for frustrated investors in the media group who have watched the company’s stock slide about a third so far this year, to 73¢ at the start on Friday.
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