Several media shares have had a tough time this year and the outlook for the sector still looks tough. Indeed GCap Media (LSE: GCAP) said today that the current advertising market remains “very difficult.”
What’s more, today’s interim results also revealed an 8% fall in total revenue to £102m while adjusted earnings per share fell from 4.5p last year to 2.5p. The interim dividend is maintained at 3.1p a share….
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