Mediaworks returns to profit as radio boosts income

Mon, 23 Feb 2015

By Suze Metherell Feb. 23 (BusinessDesk) - Mediaworks Investments, the free-to-air broadcaster, has returned to profitability in its first 10 months under a new capital structure, with its radio business being the biggest contributor to earnings. Profit was $12 million in the 10 months and 22 days ended Sept. 30, according to the Auckland-based company's financial statements lodged with the Companies Office. Sales were $246.9 million while costs were $221.8 million over the trading period. The broadcaster's previous holding company, GR Me...

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