MediaWorks confident of sorting out TV problem child after 2016 loss

Tue, 30 May 2017

By Paul McBeth May 30 (BusinessDesk) - MediaWorks Investments, the free-to-air broadcaster owned by private equity firm Oaktree Capital, is confident a new strategy will turn around its television business after a poor performance in 2016 drove the bottom line into the red. The Auckland-based company posted a net loss of $14.8 million in calendar 2016, due in part to $6.4 million of impairment charges on the TV business which left the value of that unit's goodwill and broadcasting licences at nil, according to accounts filed with the Com...

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