APN Battle This is how the Australian Financial Review illustrated its story this morning spelling out the predicament facing APN – publisher of the New Zealand Herald and a raft of media assets across the Tasman: Regional newspapers, radio, outdoor advertising and digital. Judging by the indepth Australian media reports the stoush boils down to a strategic choice – raise …
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FT’s take on the APN boardroom battle most nuanced to-date
APN Battle Financial Times: A boardroom battle has broken out at APN News & Media following a decision by the company’s largest shareholder to push for the removal of its chief executive and oppose a rights issue. Shares in the Australasian media group APN were suspended on Friday when Ireland’s Independent News & Media said it wanted the removal of Brett Chenoweth as a …
Read More »APN News shares halted on report INM seeks CEO’s ouster, capital raising eyed
APN Battle hares of APN News & Media were halted after the Irish Independent newspaper reported that 28.95 percent owner Independent News & Media has called for the resignation of chief executive and director Brett Chenoweth. The report said INM had formally advised APN of its views and was seeking an extraordinary meeting of shareholders. INM had “lost confidence in …
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