APN considers spinning off NZ assets

Alex Hayes

September 2, 2014 8:43

APN News and Media has admitted to the Australian Securities Exchange it is seriously considering spinning off its New Zealand media assets, with an IPO one potential option.

The company owns several major media assets in the country including the NZ Herald, The Radio Network which includes NewsTalk ZB, magazines including That’s Life and Girlfriend and online group buying site GrabOne.

In a statement made to the ASX yesterday the company, which posted improved financial results for the first half of the year last month, said the company is starting to see traction with a new cross-platform advertising offering it started under new NZ CEO Jane Hastings.

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Alex Hayes

Alex Hayes worked for Mumbrella from 2013 to 2017 in roles including editor and head of Mumbrella Bespoke.

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