24-08-2023 06:48 via theguardian.com

Nine’s profits fall 38% as advertising revenue tumbles but Stan stands out

Streaming platform provides lift in tough market as media giant eyes opportunities and threats of AIFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastProfits at Nine Entertainment have dived 38% amid falling advertising revenue, but the media group hopes legislation can help it take a share in a potential artificial intelligence windfall.The company on Thursday reported a full-year net profit after tax of $195m, down fr
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