As long as the have free to air sports such as AFL, cricket, tennis etc I think they will be fine. Domain does very well in its duopoly with real estate.com so no dramas there. I actually think there will be a bit of a renaissance in terrestrial tv. Streaming model is unprofitable, to be profitable they need to raise costs substantially to about where foxtel used to be, which will see a rapid decline in subscribers. Foxtel was never able to get more than 30% uptake. I think a risk that has not been factored in is legal costs in the Peter Schiff defamation case, however this won't play out till Q1,Q2 next year but Nine and 60 min could be on the hook for 100 mil plus. Could be a good short opportunity.
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