APN Reports Loss After Writedown of Newspaper Titles

Posted
By: John Drinnan | The New Zealand Herald

APN News & Media has taken a hit from a A$156 million writedown in value of its New Zealand newspaper titles, leading to a A$98.3 million loss for the six months to June 30.


Earnings before interest and tax (ebit) were down 36 per cent to A$21.8 million and revenue for the group - which includes newspapers, radio and outdoor advertising - was A$508 million.































Comments

No comments on this item Please log in to comment by clicking here