#PrivateEquity @brisbanetimes @resilient_ent APN pins hope on the great outdoors

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APN has been struggling to overcome a lengthy advertising downturn. Photo: Bloomberg

SHAREHOLDERS have shrugged off a full-year loss for troubled media and advertising group APN News & Media, instead focusing on a new joint venture in its outdoor advertising business.


APN shares rose 1.8 per cent to 83.5¢ yesterday on details of its new 50 per cent partnership with Quadrant Private Equity.

A $159 million cash impairment charge led to a $148.8 million turnaround in performance, from a $93.8 million profit in 2010 to a loss of $45.1 million for the 2011 calendar year.
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