Restated MediaWorks accounts add $2 million loss

Mediaworks chief executive, Wendy Palmer. (Image: NZME)

Wed, 25 Oct 2023

MediaWorks has restated its prior year accounts for the second year running, reporting additional losses of more than $2 million.The outdoor advertising and radio group released its 2022 financial results last week, revealing a $125m loss, and its restated 2021 numbers saw the company slide further into the red.Revised results for 2021 show the company made a total loss of more than $5m, up from a previously reported $3m deficit.MediaWorks revised down the 2021 numbers after overestimating a future tax benefit. An expected deferred tax ass...

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