APN revenues fall but Adshel is a bright spot

Tim Burrowes

February 21, 2013 11:48

APN News & Media’s annual results for 2012 show the company’s regional publishing interests took a major hit, but the company did better in radio, and its joint venture Adshel had a storming year.

The announcement came days after the resignation of CEO Brett Chenoweth, chairman Peter Hunt and three other directors.

The company’s regional media businesses saw a 10% drop in revenues to $248.8m. Its radio interestss – held through its joint ownership of Australian Radio Network was up by 5% in revenue.

The company’s outdoor interests saw a 58% drop in revenue to APN News and Media. However this was in most part due to its sale of 50% of APN Outdoor.

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Tim Burrowes

I write about the world's media and marketing industry from an Australian perspective Australian lens. I've worked in the UK, Middle East, Asia & Australia. I founded Mumbrella, which we sold in 2017.