Annual Report



The business was redefined in 2016 and APN’s strategy remains on track

APN has transformed and can set a new direction for the benefit of advertisers, employees and shareholders

Delivering on strategic objectives

APN News & Media’s (APN) strategy since early 2016 has been based on four key objectives:

  • Grow our audience base;
  • Diversify our revenues;
  • Expand our digital and data capabilities; and
  • Optimise integration.

In 2016, guided by our strategy, APN completed a number of milestone transactions that have redefined the business. In June, NZME was demerged, resulting in the creation of two independent and focused media companies: APN, a growth orientated media and entertainment company with assets in outdoor, radio and publishing; and NZME, a leading integrated media and entertainment business in New Zealand.

In October, APN acquired the remaining 50 per cent of Adshel and at the same time completed the acquisition of Conversant Media, a pure play digital media company. Conversant Media strengthens the digital capabilities of the Group and has increased exposure to the high growth areas of video and mobile.

In December, the sale of Australian Regional Media (ARM) was finalised, eliminating APN’s exposure to traditional publishing and freeing up capital to focus on growth assets in outdoor and radio, which now account for 51 per cent and 49 per cent of revenues respectively.

The roll-out of the Adshel Live digital network continued, driving above market segment revenue growth, with digital revenues now accounting for over 30 per cent of Adshel’s total revenues.

After a disappointing mid-year, ratings for Australian Radio Network (ARN) recovered late in the year. The business focused on improving its content offering across both broadcast and digital, with strong results in the final survey of 2016. ARN continues to generate noteworthy margins with strong cash conversion.

Results highlights

  • (1) Results if APN had owned 100 per cent of Adshel for the full year

Chairman &
CEO’s Report


Chairman’s Report

Peter Cosgrove

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Chief Executive Officer’s Report

Ciaran Davis
CEO and Managing Director

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Operating &
Financial Review

Corporate Social

APN believes in the importance of contributing to and building a connection with communities, supporting them through contra-advertising, sponsorships and community initiatives


Level 4
100 William Street

Telephone: +61 2 9333 4999
Fax: +61 2 9333 4900

Notice of Meeting

APN’s Annual General Meeting
will be held on
Thursday, 4 May 2017
at 10.00am (AEST)

Establishment Ballroom
252 George Street,
Sydney NSW 2000

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