APN revenues fall but Adshel is a bright spot

Tim Burrowes

February 21, 2013 11:48

APN News & Media’s annual results for 2012 show the company’s regional publishing interests took a major hit, but the company did better in radio, and its joint venture Adshel had a storming year.

The announcement came days after the resignation of CEO Brett Chenoweth, chairman Peter Hunt and three other directors.

The company’s regional media businesses saw a 10% drop in revenues to $248.8m. Its radio interestss – held through its joint ownership of Australian Radio Network was up by 5% in revenue.

The company’s outdoor interests saw a 58% drop in revenue to APN News and Media. However this was in most part due to its sale of 50% of APN Outdoor.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.