MediaWorks narrows loss, negotiates refinancing deal

The new debt facility will replace the existing banking syndicate headed by Westpac and MediaWorks' private equity owner Oaktree. Watch Duncan Bridgeman's interview with Michael Anderson.

Duncan Bridgeman
Wed, 30 May 2018

Broadcaster MediaWorks says it’s close to refinancing $72.9 million of debt that expires in November and has reported a much lower financial loss for 2017.

Financial statements show a net loss of $5.7m for the year to December on revenues of $300.2 million.

The loss is better than the $14.8m

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