Pacific Star Network posts a 140% growth in revenue after acquiring AFL Publishing and selling Morrison Media titles

After selling Frankie Magazine, Smith Journal and its remaining Morrison Media titles in 2018 for $2.4m, media and entertainment business Pacific Star Network (PNW) has reported a 140% growth in revenue to $67.0m in financial year 18/19 and an underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $9.0m, up 208% on the year prior.

The results are the first to show the results of the business’ acquisition of Crocmedia, acquired in March 2018, and AFL Publishing, acquired in July 2018.

Pacific Star Network plans to continue its focus on sport media