WIN’s profits plummet despite resilience in soft advertising market
Profits have dropped some 43% at Bruce Gordon’s regional media group WIN, although advertising revenue remained comparatively steady, considering the upheaval seen in the industry.
WIN Corporation saw profits fall from $8.3 million in FY23 to $4.7 million in the year ended June 30 – a 43.4% fall.
Most of this was attributable to higher operating costs across the WIN television network, which ballooned from $136.9 million to $144.8 million.
