Mumbrellacast: ARN issues a stark warning, Nine redundancies, and activist rocks M+C Saatchi
It’s Wednesday evening, which means it’s time to pour yourself a glass of warm popcorn, fire up your wireless, and settle into another episode of the Mumbrellacast. And if that sounds like a fun time, I’m afraid to report it’s not the best news week, in terms of the health of the local industry.
After splashing out an estimated $1.5 million on its first-ever upfront presentation late last month to tout the future of its ‘entertainment’ company, this morning ARN provided the market with a sobering financial update, forecasting a full-year earnings drop of between 25% and 27%.
For the ten months to October 31, ARN has had a 10% year-on-year revenue drop, and it expects full-year revenue to fall by low double digits — which sounds like ASX speak for 14%-15% (after all, if it was 11% they were expecting, they’d be more specific).
Maurice Saatchi hasn’t been shareholder in M& C Saatchi for many years.So expect he doesn’t give a toss about Harwood.
Hello! As of September 30, 2025, Lord Maurice is listed as having 4,124,882 shares in the company, making him a 3.37% shareholder and still in its top ten https://www.mcsaatchiplc.com/shareholder-centre/major-shareholders