HT&E posts mixed results as soft radio market drags on revenue

August 24, 2017 10:16

HT&E has seen a 75% boost in revenue in the first results since the company sold off its newspaper interests and rebranded, but chairman Peter Cosgrove admitted performance has been mixed with a weak radio market dragging the business back.

HT&E CEO Ciaran Davis said radio ad market had been soft, but outdoor looking strong in mixed half-year

Revenue for the outdoor, radio and digital company, which sold its Australian Regional Media business to News Corp last year and divested its New Zealand print business, was $225.7m while earnings before interest, tax, depreciation and amortisation were up 28% to $40.6m.

The company also rebranded from APN News & Media to Here, There & Everywhere.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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