MediaWorks breakeven stymied by radio

Wed, 22 May 2019

By Nikki Mandow May 22 (BusinessDesk) - It’s tough being a media company. And nowhere is this more apparent than for MediaWorks Investments, home of the Three TV channel, the Edge and More radio stations, among others. The company today reported a net loss for the year ended December 2018 of $5.5 million, a fractional improvement on the prior year, but a disappointment for a company that thought it was heading faster towards the black. Revenue was up a smidgen, from $300 million to $302 million, with TV and digital making more - up 3.4...

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