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Thursday, February 23, 2012

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

@brisbanetimes Brisbane


brisbanetimes.com.au is the online news site with its finger on the pulse of Brisbane. Talk to us on Facebook: www.facebook.com/brisbanetimes
http://www.brisbanetimes.com.au


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.
ENTER THE WORLD OF @brisbanetimes



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