MediaWorks posts $107.1 million loss

(Image: NZME)

Thu, 30 May 2024

Radio and outdoor advertising media company MediaWorks on Thursday posted a net after-tax loss of $107.1 million after an impairment of $86.5 million – it insists its “turnaround” is on track, despite a challenging economy and media market.For the second consecutive year, auditors have said “material uncertainties” exist, which cast “significant doubt” on MediaWorks’ ability to operate as a going concern, but the company says this was before refinancing was completed, and it is confident it has th...

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