June 7 (Reuters) - Crowd Media Holdings Ltd CM8.AX :
* TO STREAMLINE OPERATIONS FOLLOWING OUTCOME OF STRATEGIC REVIEW
* ESTIMATED $3.5M REDUCTION IN ANNUALISED COSTS FOR FY19
* EXPECTING TO BE EBITDA POSITIVE AND OPERATIONALLY CASHFLOW POSITIVE FROM 1ST JULY, 2019
* UNDERLYING FY19 EBITDA LOSS EXPECTED TO BE $4M
* FY19 GROUP REVENUE EXPECTED TO BE $24.6M
* REDUCED EMPLOYEE HEADCOUNT BY 34% FROM 73 (Q1-FY19) TO 48 (Q1-FY20)
* IMPLEMENTED A RANGE OF AGGRESSIVE COST-CUTTING MEASURES, WHICH WILL RESULT IN ESTIMATED ANNUALISED COST SAVINGS OF $3.5M
* APPOINTED MELANIE MOULDENHAUER AS CFO