APN Outdoor has grown revenue but a failed merger attempt with rival oOh!media has dragged on the out-of-home advertiser's half year profit.
APN's net profit for the six months to June 30 fell 19 per cent to $15.8 million, after $4.1 million in one-off expenses. APN and oOh! abandoned merger talks in May after a statement of issues released by the Australian Competition and Consumer Commission.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
