IPO among options for Mediaworks

The group slashed net debt by 24.2% to $85.45 million over the 12 months.

Tue, 01 Jun 2021

Shorn of its TV operations, Auckland-based radio and outdoor advertising company Mediaworks is in acquisition mode and has stock exchange listing among options for the future.Chief operating officer Jeff McDowall said the group would look at “assets which add value to the current construct of Mediaworks and can leverage our significant salesforce, and assets that add value for our customers and advertising base”.“We’ve got some good ideas about how we can generate economies of scale,” McDowall said.Following the sa...

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