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Bruce Gordon’s media empire’s profits are halving, even as advertising revenue holds up
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Bruce Gordon’s media empire’s profits are halving, even as advertising revenue holds up

Profits at the regional media group owned by billionaire businessman Bruce Gordon have halved in the past year as the broadcaster faces a slump in television advertising but suffers from rising costs.

WIN Corporation owns the WIN network, two radio stations in NSW and a substantial property portfolio. New accounts filed with regulators show profits fell from $8.3 million to $4.7 million in the 12 months to June 30. Revenue fell from $200.8 million to $195.1 million.

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