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Nation Media Group HY 2019 profit down 24%
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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murchr wrote:Ericsson wrote:murchr wrote:Fyatu wrote:murchr wrote:Kusadikika wrote:watesh wrote:NMG is really missing out on proper radio revenue. Its the one platform they never got right despite all the money they had In radio and TV, if you don't have Kikuyu stations you are missing out big time. I would advise they buy Mt. Kenya TV. They have really good programs but nasikia Ngirici halipi mishahara. They are the most mashinani focused TV station in Kenya. The kikuyu space is overcrowded now. They still can make more in broadcast by getting a no news channel. But if mr chairman left then may be an even more aggressive agenda can be pursued They can start a strictly business/investment TV like CNBCA, Bloomberg or buyout Metropol TV and make it an East African thing. Judging by the number of Kenyans who are into investments be it mashinani, or humu humu wazua, i bet they can make advertising revenue Or a full blown lifestyle TV. Movies, Music, entertainment news, etc Make an acquisition of Zuku TV or Kwese Kenya Assets True They have the assets....Remember they closed down a Kiswahili station and bought an online magazine.....why not go full blown entertainment with that. That's a niche market that will soon be grabbed by Caroline Mutoko and the Star if they dont move fast Do they have the content or the creators of content Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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murchr wrote:Ericsson wrote:murchr wrote:Fyatu wrote:murchr wrote:Kusadikika wrote:watesh wrote:NMG is really missing out on proper radio revenue. Its the one platform they never got right despite all the money they had In radio and TV, if you don't have Kikuyu stations you are missing out big time. I would advise they buy Mt. Kenya TV. They have really good programs but nasikia Ngirici halipi mishahara. They are the most mashinani focused TV station in Kenya. The kikuyu space is overcrowded now. They still can make more in broadcast by getting a no news channel. But if mr chairman left then may be an even more aggressive agenda can be pursued They can start a strictly business/investment TV like CNBCA, Bloomberg or buyout Metropol TV and make it an East African thing. Judging by the number of Kenyans who are into investments be it mashinani, or humu humu wazua, i bet they can make advertising revenue Or a full blown lifestyle TV. Movies, Music, entertainment news, etc Make an acquisition of Zuku TV or Kwese Kenya Assets They have the assets....Remember they closed down a Kiswahili station and bought an online magazine.....why not go full blown entertainment with that. That's a niche market that will soon be grabbed by Caroline Mutoko and the Star if they dont move fast Problem of NMG is the board,it's made of people who aren't progressive and stuck to the old way of doing things Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Ericsson wrote:murchr wrote:Ericsson wrote:murchr wrote:Fyatu wrote:murchr wrote:Kusadikika wrote:watesh wrote:NMG is really missing out on proper radio revenue. Its the one platform they never got right despite all the money they had In radio and TV, if you don't have Kikuyu stations you are missing out big time. I would advise they buy Mt. Kenya TV. They have really good programs but nasikia Ngirici halipi mishahara. They are the most mashinani focused TV station in Kenya. The kikuyu space is overcrowded now. They still can make more in broadcast by getting a no news channel. But if mr chairman left then may be an even more aggressive agenda can be pursued They can start a strictly business/investment TV like CNBCA, Bloomberg or buyout Metropol TV and make it an East African thing. Judging by the number of Kenyans who are into investments be it mashinani, or humu humu wazua, i bet they can make advertising revenue Or a full blown lifestyle TV. Movies, Music, entertainment news, etc Make an acquisition of Zuku TV or Kwese Kenya Assets True They have the assets....Remember they closed down a Kiswahili station and bought an online magazine.....why not go full blown entertainment with that. That's a niche market that will soon be grabbed by Caroline Mutoko and the Star if they dont move fast Do they have the content or the creators of content They can acquire that - very available. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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We have maintained our interim dividend because of the level of confidence we have that the performance will improve in the second half of the year,” said Mr Kiboro, adding that the Group is deepening its investments in digital products to boost future returns for shareholders.
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Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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murchr wrote:Fyatu wrote:murchr wrote:Kusadikika wrote:watesh wrote:NMG is really missing out on proper radio revenue. Its the one platform they never got right despite all the money they had In radio and TV, if you don't have Kikuyu stations you are missing out big time. I would advise they buy Mt. Kenya TV. They have really good programs but nasikia Ngirici halipi mishahara. They are the most mashinani focused TV station in Kenya. The kikuyu space is overcrowded now. They still can make more in broadcast by getting a no news channel. But if mr chairman left then may be an even more aggressive agenda can be pursued They can start a strictly business/investment TV like CNBCA, Bloomberg or buyout Metropol TV and make it an East African thing. Judging by the number of Kenyans who are into investments be it mashinani, or humu humu wazua, i bet they can make advertising revenue Or a full blown lifestyle TV. Movies, Music, entertainment news, etc I agree, a separate channel for just news and another channel for just the entertaining content would be great. They Ksh6 billion in retained earnings so instead of talking of bonus or special dividend, they should use that to bring that print revenue share to below 20%. People born in the late 80s and onwards dont buy newspapers since they can get the content free on their website. The digital revenue is still a very tiny share of the current total revenue.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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obiero wrote:cnn wrote: Investor briefing for half year on at this moment . Mungu awe nanyi hasante.I have changed strategy.Im now pro Benjamin Graham and Warren Buffet-value investing. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Ebenyo wrote:obiero wrote:cnn wrote: Investor briefing for half year on at this moment . Mungu awe nanyi hasante.I have changed strategy.Im now pro Benjamin Graham and Warren Buffet-value investing. Share price opens at ksh.36 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you?
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. All this are good ideas,so long as the board remains the same they won't see light of the day. The board is still stuck in the old way of doing things Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. We have sang this song for so long here. Whatever happened to N-soko such that olx came and thrived in a space they had established? You know, some years back Kiboro spoke in one of the AGMs and said that his grandchild never reads newspapers and doesnt care for news, yet that same year, he went on to approve the massive newspaper investment. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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murchr wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. We have sang this song for so long here. Whatever happened to N-soko such that olx came and thrived in a space they had established? You know, some years back Kiboro spoke in one of the AGMs and said that his grandchild never reads newspapers and doesnt care for news, yet that same year, he went on to approve the massive newspaper investment. A whole 2 billion down the drain.That's when I realized they had no future.
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? Even banks have been bashed seriously by rate cap. Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2008 Posts: 2,695
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VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Kusadikika wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions. On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River. Life is short. Live passionately.
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Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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sparkly wrote:Kusadikika wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions. On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River. Taking down the competition
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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watesh wrote:sparkly wrote:Kusadikika wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? The one I would have been ready to take up arms against was the ban on milk hawking. Ati you have your own cow but cannot sell milk to whoever you want like humans have been doing since cows were domesticated. I am glad they backed down but just shows you their greedy intentions. On the issue of milk, Daima Factory was shut down by NEMA for discharging effluent into Nairobi River. Taking down the competition Didn't brookside buy Sameer dairy? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:chiaroscuro wrote:NMG revenue and profit have been on a downward trajectory since 2013.
2013; R=13.4bn; PBT=3.6bn
2014; R=13.3bn; PBT=3.6bn
2015; R=12.3bn; PBT=2.2bn
2016; R=11.3bn; PBT=1.7bn
2017; R=10.6bn; PBT=1.3bn
2018; R=9.7bn; PBT=1.1bn
Now they report a 24% drop in HY PBT
What do you think will happen by end of year?
The trend is very clear.
Time for those who are in to implement exit strategies - you do have exit strategies, don't you? And you can imagine that this comes after massive lay offs.. Less staff and increased losses.. Surely surely. The two men have messed us all up First family is in direct competition with NMG. NMG has shown great resilience not to have gone under by now. NMG needs to adapt fast and grow revenue before they turn into another failed company: 1. Reinvigorate old revenue lines a) Nation Courier - use assets to distribute more parcels as print paper distribution decreases; b) Nation Business Directory - Should have gone online by now. c) n-soko - Whatever happened to this? 2. Invest in new business lines: a) Digital news distribution channels; b) Events and promotions; C) Niche market radio and TV stations; d) Financial data services like Reuters. Which other firm, except banks, has survived vs a First Family business? Even banks have been bashed seriously by rate cap. Not yet but... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Nation Media Group HY 2019 profit down 24%
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