The investments watchdog has confirmed it has raised concerns about the goodwill value Nine Entertainment Corp was carrying for its Nine television network.
Nine made a $260 million non-cash impairment on its TV network in its half-year results last week, citing softer ad markets and falling earnings for the unit.
On Monday, the Australian Securities and Investments Commission said it had reviewed Nine's 2016 full-year financial report as part of an ongoing surveillance program and had "raised concerns regarding the value of the goodwill relating to the Nine Network".
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