Bulk of APN cost savings this year to come from NZ media, shareholders told

Thu, 02 May 2013

May 2 (BusinessDesk) - APN News & Media, the Australasian publisher of the NZ Herald, is aiming to cut A$25 million of costs this year, with the bulk to come from its New Zealand operations, shareholders were told at the annual meeting in Sydney. New Zealand Media chief executive Martin Simons, said APN’s major cost restructuring projects have been completed, with the outsourcing of editorial and advertising production, the centralisation of advertising sales and editorial content, and the sale on non-core titles. Some A$18 million of cost s...

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