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Story summary
- Nine Entertainment posted a 7% profit rise to $142.4 million, emphasizing a shift from TV.
- CEO Matt Stanton said Nine now focuses on publishing, streaming and outdoor media, not television.
- Nine’s TV revenue fell 9% to $1.03 billion and the segment was written down $426 million.
- Nine secured a seven-year free-to-air NRL rights deal worth $145 million per year in June.
