​Radio the rising star of APN portfolio

Having bought out Clear Channel’s half share in ARN earlier this year, APN revealed the bigger picture to the Macquarie Australia Conference last Friday.

The presentation from CEO, Michael Miller showed that in a nine month period since August 2013 the company went from just 30% of its major assets fully owned to 75% now.

While publishing still represents 44% of the company’s revenue, Radio is not far behind on 42% and gaining.

In the 2013 year, radio managed to increase revenue by 7% and profit (EBIDTA) by 16% while publishing declined by 11% and 9% respectively.

The presentation also outlined APNs growing digital businesses including a ten year licence with iHeartRadio for Australia and New Zealand with further opportunities in Asia.

Download the full PDF presentation @ Macquarie Australia Conference Presentation

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