APN News & Media

APN News & Media Limited is rumoured to be considering a major restructure that includes selling its outdoor advertising businesses - 50% stakes in APN Outdoor, Hong Kong Outdoor and Adshel - in return for full control of its radio division. Following APN’s failed capital raising in February, this is the latest attempt to reduce its crippling $459m of net debt that's nearly three times the size of the company's current market value. Given the company's perilous financial situation it's unlikely that the assets would fetch generous prices. Reducing debt, simplifying the business and focusing on the radio division...

APN News & Media Limited is rumoured to be considering a major restructure that includes selling its outdoor advertising businesses - 50% stakes in APN Outdoor, Hong Kong Outdoor and Adshel - in return for full control of its radio division. Following APN’s failed capital raising in February, this is the latest attempt to reduce its crippling $459m of net debt that's nearly three times the size of the company's current market value. Given the company's perilous financial situation it's unlikely that the assets would fetch generous prices.

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