PBL is holding up because of a conference call held yesterday by ABN Amro which said that Nine should weather the Pay TV storm better than the other TV networks. ABN Amro said TEN would come in a close second and Seven's value would be worst hit, possibly declining by 45% over the next ten years as pay TV eats away at its advertising revenue. The report said that PBL would hold up well because of its Foxtel interest.
Cheers, Ousia
PBL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
