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Business Description: APN News and Media Limited (APN) is involved in publishing, radio broadcasting, online, transit & outdoor advertising in Australia and New Zealand.
Strategy Analysis: APN have diversified media operations spanning publishing, radio, online and outdoor advertising, providing cross selling opportunities and reducing reliance on any one market. In Australian regional publishing, APN management believes the business is well positioned in high-growth regional centres stretching from northern New South Wales to Mackay. Management aims to capitalise on its strong market position in NZ and Australian regional markets by providing regional news online under various mastheads. Outdoor has benefited from structural changes in its markets, including a growing sophistication in the product forms and in client measurement and expectations.
APN News and Media reported a net loss of $98.32m for the half-year ended 30 June 2011. Revenues from ordinary activities were $508.1m, in line with the same period last year. Basic and Diluted EPS was (16.1) cents compared to 6.6 cents last year. Net operating cash flow was $53.77m compared to $85.94m last year. The interim dividend declared was 3.5 cents compared with 5.0 cents last year.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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