Change is in the air
There’s growing trepidation across the media sector as the government finalises changes to the ‘anti-siphoning list’ – the law dictating which national sports must be broadcast on free to air television stations and which are allowed to sell broadcasting rights to pay television. Roger Montgomery told 7.30 Report’s Gregy Hoy “Channel Ten has increased its profits over the last decade by about 4.5 per cent per year. That’s about the rate of inflation or about the rate of income and population growth in Australia. So the results aren’t spectacular and that’s why you’ve seen over time these assets are really the play things of the rich and famous”. Read the transcript.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
