Ooh Media calls a Red October in trading update

Ooh Media has become the latest media outlet to sound the alarm on ad revenue in Australia, citing a “significantly” softened out-of-home (OOH) market in October.

The ASX-listed company told the market that it now expects to post revenue for the full year of $689-$694m.

However, it said the weakening advertising market last month weighed on both OOH activity and its overall business.

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