Home › NENT to cut non-sports costs by another SEK 700 mln, scraps dividend and incentive plan, suspends Studios ops sale
 

Keywords :   


NENT to cut non-sports costs by another SEK 700 mln, scraps dividend and incentive plan, suspends Studios ops sale

2020-03-20 14:04:00| Telecompaper Headlines

(Telecompaper) Nordic Entertainment Group (NENT) has announced measures to cut non-sports costs by SEK 700 million, hitting its 2020 results, because of Covid-19. It has scrapped its proposal for a SEK 7.0 per share dividend for 2019 and its long-term executive incentive plan, both of which were due to go to vote at the AGM on 19 May. It will suspend the sale of the non-scripted production, branded entertainment and events business operations of NENT Studios.

Tags: plan sale costs cut

Category:Telecommunications

Latest from this category

All news
14.01Seven Trends Shaping Private Cloud AI in 2026
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
06.01From Technical Debt to Digital Agility
Telecommunications »
19.01'Credit-score company encouraged me to borrow again when I was nearly debt-free'
19.01'Credit-score company encouraged me to borrow again when I was nearly debt-free'
19.01China hits growth goal despite Trump tariffs turmoil
19.01Faisal Islam: Global disruption looms large over biggest-ever Davos
19.01'The finest in the world': Why the US is buying icebreakers from Finland
18.01'Europe won't be blackmailed,' Danish PM says in wake of Trump Greenland threats
18.01Big chains accused of masquerading as independent restaurants on delivery apps
18.01Big chains accused of masquerading as independent restaurants on delivery apps
More »