Media giant NEC has enjoyed 40% EBITDA growth for the last half year with most sectors of the business firing well although 90% of earnings still comes from Channel 9 who enjoys over $1bn in advertising revenue. They’ve also done well with online streaming service Stan which now has more than 2m paid subscribers, the model they are using for the Rugby i.e. a combination of free to air and streaming we think is a very good one.
MM likes NEC ~$2.34
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