News

APN News & Media placed in trading halt as it plans for $200m-plus capital raising

APN News & Media has been placed in a trading halt following reports the media company plans to launch a $200m-plus capital raising in conjunction with a demerger of its New Zealand assets.

Miranda Ward

May 9, 2016 10:11

APN News & Media has been placed in a trading halt following reports the media company plans to launch a $200m-plus capital raising in conjunction with a demerger of its New Zealand assets.

According to the report in The Australian, APN News & Media will update the market on the planned divestment of its Kiwi business, called NZME, at its annual general meeting on Wednesday.

According to APN News & Media’s full-year results released in February, NZME’s total revenues were down 3%.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

Topics

APN News & Media trading halt

Latest

Google reignites campaign against under-16s social media ban

Out-of-home operator Gawk ends relationship with Ooh Media, aims to win ‘divorce’

Digitas Australia gains MD from VML Commerce

Nine and Warner Bros already casting The Golden Bachelor Season 2

Foxtel's plan to bowl over sports fans this summer

APN News & Media placed in trading halt as it plans for $200m-plus capital raising

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

SUBSCRIBE