NZ write-down

APN News & Media has warned it is likely to cut the intangible value of its New Zealand publishing assets. APN's share price has fallen from 60? to 51? in the past five days. The amount of the impairment charge is yet to be finalised. Net profit for the half-year is expected to be $3 million less than last year's, as previously advised.

APN News & Media has warned it is likely to cut the intangible value of its New Zealand publishing assets. APN's share price has fallen from 60? to 51? in the past five days. The amount of the impairment charge is yet to be finalised. Net profit for the half-year is expected to be $3 million less than last year's, as previously advised.

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