Photon Group, once Australia's biggest media and marketing group, this afternoon came clean to the ASX about the disastrous state of its finances. It admitted that the awful performance of its Internet & E-Commerce division will see it write off "$90 million in non-cash intangible i...
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Photon: $100m plus write-off; Owes banks $271m; Chairman Tim Hughes quits; Earn-outs to total $176m; Up to 50 jobs cut