APN to exit from regional publishing

Original article by Max Mason
The Australian Financial Review – Page: 10 : 26-Feb-16

Australian-listed APN News & Media has posted a 2015 net loss of $A10.2m, following an $A11.5m profit in 2014. When write-downs are excluded, the media group’s net profit was seven per cent lower than previously at $A70.2m. CEO Ciaran Davis has flagged plans to divest the Australian Regional Media business, whose EBITDA was down 27 per cent at $A18.4m. The Australian Radio Network division’s EBTDA rose by 25 per cent to $A82.8m.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APNAUSTRALIAN REGIONAL MEDIAAUSTRALIAN RADIO NETWORK PTY LTD

Leave a comment