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09/02/18
12:58
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Originally posted by Autosime
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Jimmy
Thanks for articulating your reasons and fair enough
I am not relying on others to justify my decision. I simple disagree with the assumptions you have made about FTA decline rates and I think I have explained before that last 3 -4 years shows a relativity stable NPAT and very solid cash flow . I do build in decline from here but not at the rate you suggest. I think distribution of content and reach is important and having a successful regional distributor is equally important . I think the BG ownership will also put Seven on notice in terms of affiliation agreements . I guess what I am trying is in any debate one needs to know the arguments on both sides well - I feel I have internalized the risks, not sure whether you are open to the upside though. Not a problem because I value contributors with clearly articulated rationale different to my own
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Next update a few days away will capture adversitimg revenue from Winter Olympics and commonwealth games - combined they should result in a good revenue projection for the second half .