APN News reaffirms earnings

Company News

APN News and Media Limited (ASX:APN) said there are encouraging signs in the advertising market as it enters the strongest trading period for the year.

The diversified media house has reaffirmed earnings guidance for the second half of this calendar year, before interest and tax, at $118 million.

It said it was difficult to predict how advertisers will react to recent market volatility.

APN News and Media Limited (ASX:APN) reported a first half net loss of $66.5 million.

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