of Australia’s leading media companies are preparing for a round of
belt-tightening as reverberations from a likely US recession lead to
predictions of zero growth in advertising in free-to-air television,
radio and newspapers.
There is even talk in local
media of "margin calls" extending from being purely a financial market
concept to a TV programming one as part of a more hard-headed approach
to individual programs if they do not generate adequate advertising
returns.
Signs indicate further tough times at the Nine Network, amid recent
revelations the network’s debt burden has blown out by $500million in
the past 18 months and stands at $4.2billion.









