Profits stabilise despite revenue fall at MediaWorks; hope ensues
Result suggests a way through the media battering ram of advertising drop-offs.
MediaWorks chair Barclay Nettlefold and CEO Wendy Palmer.
Green shoots of hope are sprouting at MediaWorks, which has managed to keep pre-tax profits stable while battling the same revenue drop as all other media in the 2023 calendar year.
Revenues dropped 5% in the year to December 31, to $204.1 million, as a result of soft advertising spending, but
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