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Business Description: APN News and Media Limited (APN) is a newspaper publisher in New Zealand, including the New Zealand Herald and a range of regional newspapers. It is also a publisher of regional newspapers in Queensland. APN is an outdoor operation in Australia and New Zealand and has JV outdoor businesses in Australia, Hong Kong, Indonesia. It has a position in the radio market, with The Radio Network in New Zealand and the Australian Radio Network, both joint ventures.
Strategy Analysis: APN have diversified media operations spanning publishing, radio, online and outdoor advertising. This provides cross selling opportunities and reduces 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. More recently, APN has diversified into digital. Management view digital as a game changer, with growth potential in Grabone, brandsExclusive, Sella, jimungo and CC Media.
APN reported a net loss of $455.8m for the year ended 31 December 2012. Revenues from ordinary activities were $928.6m, down 13% from last year. Basic and Diluted EPS was (70.4) cents compared to (7.3) cents last year. Net operating cash flow was $87.27m compared to $123.06m last year. No final dividend was declared, taking the full year dividend to 1.5 cents compared with 8.5 cents last year.
The Age 23/05/2013 |
The local sharemarket closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report.
The Age 23/05/2013 |
Non-bank lender Resimac has made a bid to acquire the remnants of mortgage firm RAMS in a joint proposal with former Babcock & Brown banker Trevor Loewensohn.
The Age 23/05/2013 |
Department store Myer will switch its focus from relentless cost-cutting to driving sales growth and grabbing a greater slice of the discretionary spend by shoppers.
The Age 23/05/2013 |
Australia's top commodities agency has detailed a year of woe for the local resources industry and joined the Reserve Bank in declaring the peak of investment in the sector.
The Age 23/05/2013 |
Significant job losses are expected at Telstra after the telco announced sweeping changes to its operational structure as it shifts away from its legacy business.
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