Half Year 2019 HT&E Ltd Earnings Call Transcript

Aug 13, 2019 / 11:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the HT&E interim results conference call. (Operator Instructions)

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mr. Ciaran Davis. Thank you. Please go ahead.

Ciaran Davis - HT&E Limited - CEO, MD & Executive Director

Good morning, everyone. Thank you for joining this morning's call. I'm joined this morning by Jeff Howard, his last investors call at HT&E, and our new CFO, Andrew Nye. As many of you probably know, the backdrop for today's results has been a challenging ad market environment across the media industry that radio is not immune from. The first quarter saw sector revenue down 3.1% than the prior year. Q2 saw some improvement in April, but post the federal elections, there was a gradual decline into June, but with ARN holding share in Q2. Before I hand to Jeff to present the financials, I just want to highlight some of the key actions and priorities over the past 6 months as we

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