Macquarie Radio Network Limited (MRN) flagged its full year 2008 NPAT would be 17.9% lower at $4.42 million. The company said the result was driven by increased expenditures on web media.
Expenditure increased by 8.4% to $38.4 million, with Radio expenses up 2.5% and new media expenses increasing by 127% as four websites were rolled out across the year.
On the other hand, Radio and Other Revenue increased 1.71% while New Media Revenue increased 121.32%. Full story [link=http://www.livenews.com.au/Articles/2008/08/22/Macquarie_Radio_FY_profit_dialled_down_179]LIVENEWS[/link]
Macquarie Radio FY profit dialled down 17.9%
Friday, August 22, 2008 | Labels: Radionews |
Macquarie Radio Network Limited (MRN) flagged its full year 2008 NPAT would be 17.9% lower at $4.42 million. The company said the result was driven by increased expenditures on web media.
Expenditure increased by 8.4% to $38.4 million, with Radio expenses up 2.5% and new media expenses increasing by 127% as four websites were rolled out across the year.
On the other hand, Radio and Other Revenue increased 1.71% while New Media Revenue increased 121.32%. Full story [link=http://www.livenews.com.au/Articles/2008/08/22/Macquarie_Radio_FY_profit_dialled_down_179]LIVENEWS[/link]
Expenditure increased by 8.4% to $38.4 million, with Radio expenses up 2.5% and new media expenses increasing by 127% as four websites were rolled out across the year.
On the other hand, Radio and Other Revenue increased 1.71% while New Media Revenue increased 121.32%. Full story [link=http://www.livenews.com.au/Articles/2008/08/22/Macquarie_Radio_FY_profit_dialled_down_179]LIVENEWS[/link]
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