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TX Group lowers H1 revenue outlook to 20% decline

2020-07-10 09:49:00| Telecompaper Headlines

(Telecompaper) TX Group, formerly known as Tamedia, said that it expects a decline in revenues of around 20 percent in H1 2020 compared with the previous year. This is a larger drop than a previous outlook that forecast a decline in revenues of between 10 and 15 percent, and also predicted an EBIT loss for the first half of this year. The company said that advertising revenues in the current year have fallen because of the coronavirus crisis. The daily and Sunday titles of Tamedia, the commuter newspapers of 20 Minuten and the advertising marketer Goldbach, are particularly impacted by the decline in advertising revenues.

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COVID-19 will accelerate pay-TV revenue decline in Australia

2020-07-10 06:00:07| Digital TV News

Pay-TV service revenue in Australia is set to decline at a CAGR of 3.2% from $2.6bn in 2019 to $2.2bn in 2024 due to declining cable and DTH TV subscriptions and falling pay-TV ARPU, according to GlobalData.

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US Oil Production to Decline Less Than Previously Forecast in 2020

2020-07-07 19:25:00| OGI

U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.

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