Battle of Old Media
Broke and on the ropes, Nine tries to start a Cola War with News Corp, presumably to recover some credibility, audience and revenue following a 40 per cent collapse in market capitalisation.
Nine recently lost significant credibility, caught ignoring a major story when the federal court ruled number one advertiser Harvey Norman deceived customers to the tune of $20 million.
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-228mr-court-rules-harvey-norman-and-latitude-advertising-misled-consumers/
#auspol
Broke and on the ropes, Nine tries to start a Cola War with News Corp, presumably to recover some credibility, audience and revenue following a 40 per cent collapse in market capitalisation.
Nine recently lost significant credibility, caught ignoring a major story when the federal court ruled number one advertiser Harvey Norman deceived customers to the tune of $20 million.
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-228mr-court-rules-harvey-norman-and-latitude-advertising-misled-consumers/
#auspol
24-228MR Court rules Harvey Norman and Latitude advertising misled consumers | ASIC
The Federal Court today ruled Latitude Finance Australia and Harvey Norman Holdings Ltd engaged in misleading conduct and made false or misleading representations in relation to a widespread advertising campaign for a 60-month interest free and no de…asic.gov.au
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