APN first half profit drops 67%, paywall to start this year for NZ Herald

Wed, 19 Aug 2015

By Paul McBeth Aug. 20 (BusinessDesk) - APN News & Media, the Australasian publisher and radio station operator, is taking its first step toward a digital subscription model for its New Zealand flagship newspaper, the New Zealand Herald, and plans to roll out registrations on the masthead's website before the end of the year. The company posted a 67 percent slump in first-half profit today. Net profit sank to A$7.5 million, or 0.7 cents per share, in the six months ended June 30, from A$22.6 million, or 2.4 cents, a year earlier, the Sydn...

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