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Nine’s profits to increase by $123.6 million

Company's income predicted to increase to $280-300 million.

The co-chief executive of Nine Entertainment Hugh Marks has posted an expected increase in income of 27 percent for the 2019 financial year if the Fairfax merger is approved.

The media company’s income is predicted to increase to $280-300 million up from $123.6 million for the 2018 financial year.

Changes to the cross-media laws last year have made the merger between the two media companies possible.

The merger is yet to be approved by the Australian Competition and Consumer Commission.

They are expected to make a decision in November. If approved, a shareholder vote will be held.

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