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The Guardian - AU
The Guardian - AU
Business
Jonathan Barrett Business editor

Even though the offer is a serious play, Nine probably doesn’t want to sell Domain

Domain Nine CoStar Matt Stanton United States REA Andrew Mitchell
Nine Entertainment acting CEO Matt Stanton
Nine Entertainment’s acting chief executive, Matt Stanton, described Domain as ‘of strategic importance’ to the company. Photograph: Bianca de Marchi/AAP

When Nine’s acting chief executive, Matt Stanton, presented the company’s financial results to analysts on Tuesday, he made it clear he didn’t want to speak about the very thing they wanted to.

The broadcaster and publisher delivered its half-year results just days after US property conglomerate CoStar made an unsolicited approach to buy Domain, the real estate portal that Nine controls through a 60% stake.

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