GTN Limited (ASX:GTN) provides traffic information reports and cash compensation to radio and television stations, and in return gets a guaranteed number of commercial advertising spots adjacent to traffic, news and information reports.
GTN has announced its long-awaited major capital management initiative, proposing a $0.23/share ($44m) capital return.
What could have been a share price boost has been complicated by the announcement of a material H2 FY25 earnings downgrade, with EBITDA likely to be down ~55% on a ~4% decline in revenue.
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