Nine Entertainment’s acting chief executive, Matt Stanton, has announced more than $100 million in new cost-cutting measures and declined to be drawn on an offer last week to buy out online property portal Domain.
At Tuesday’s half-year results, Stanton stonewalled questions about US real estate giant CoStar’s $2.7 billion bid for Domain, whose share price has jumped more than 30 per cent since the news last week.
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