Bruce Gordon’s WIN records $8.6m loss
WIN's profits have turned quickly into a loss
Regional TV network WIN Corporation, owned by Nine’s biggest shareholder Bruce Gordon, has delivered an $8.6 million loss for FY25. The loss was primarily caused by costs associated with the decommissioning of its transmitter network.
According to ASIC filings last week, first reported by Capital Brief, WIN cleared $187.2 million in revenue for the 2025 financial year, a modest $4.6m drop from the prior year. Of this revenue, $177.1 million comes from advertising, which fell by $3.7m.
WIN reported a “net consolidated profit” of $4.5 million, which was wiped out by a $13.1m charge for decommissioning transmission sites operated by Digital Distributions Australia.
So the CEO of WIN corp, the company which has no direct investment in 9 media except through Bruce Gordons other private investment comp, says that WIN’s focus is on 9. Surely after losing millions his focus should be on WIN and not 9?