Goldman Sachs have said the credit crunch and dislocation in financial markets will have a big impact on local media companies, helping force dividend cuts and more cost cutting measures, writes Glenn Dyer.
Dividends
Village and SAG: the war continues…
The war of words between Sydney Attractions Group and predator, Village, continues, despite Village raising its offer from $6.01 to $6.50 per share. SAG rejected the improved offer, standing by its valuation of $8.57 to $9.57 per share and dubbing Village’s improved offer as “still very opportunistic”.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
