One of the toughest advertising markets of the past decade has forced radio network Macquarie Media to downgrade its earnings expectations for 2018-19.
On Monday, Macquarie Media warned it now expected earnings before interest, tax, depreciation and amortisation to come in between $27 million and $29 million for the 2018-19 financial year, down from previous guidance of between $29 million and $32 million.