Media company Macquarie Media Group
(ASX:MMG) today announced an interim dividend of 3.5 cents a share for the six months to December 31, 2009, based on estimated operating earnings of 11.7 cents a share.
In an update on the company’s operations CEO Mark Dorney says the group continues to see month on month performance improvement, particularly for Macquarie Southern Cross TV national advertising revenues.
Mr Dorney says most recently, increased overall levels of media buyer activity and increased consumer confidence levels have resulted in a positive revenue performance for the month of November compared to November last year, and current sales tracking indicates that this has continued for the first two weeks of December 2009.
Macquarie Media group posted a loss of $84.57 million for fiscal 2009.
