The Christchurch earthquake and New Zealand’s subdued economy are being blamed for Australian media beast APN News & Media’s full-year earnings sinking $45m into the red. The results come at the same time as APN announces an outdoor advertising joint venture with Quadrant Private Equity, allowing it to expand further into Australasia.
Sheesh, it’s been a big week in the biz. ANZ is now in TBWA\’s hands, the National Bank brand looks like it’s set to be sacrificed, Mojo has just won a few cars and online advertising has moved ahead of radio and magazines in terms of ad revenue. And while all that’s been happening, a range of humans have been moving and shaking all over the show. So, without further ado, Pauline Hanton resigns from her Hypermedia post; ex-Telecom boffin Matt Crockett takes up a big gig with APN in Australia; Barnes, Catmur & Friends gives the new head of digital some natural light; Yahoo!Xtra expands its sales team; and Republik welcomes a new addition.