MediaWorks set to breach bank covenants
Revenue, due in part to QMS purchase, had ticked up in 2019 - before Covid struck.
Dita De Boni
Fri, 12 Jun 2020
MediaWorks is in urgent talks with the bank over covenants its says it is likely to breach from June of this year onwards because of falling earnings.
The company, which released its annual results to the end of December 2019 today, cast doubts on its ongoing viability unless it can negotiate
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
NZ$399.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Dita De Boni
Fri, 12 Jun 2020
Contact the Writer: dita@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
MediaWorks set to breach bank covenants
Business,
83933