Sharechat Logo

APN buys NZ sports tipping site

NZPA

Thursday 18th August 2011

Text too small?

APN News & Media has bought New Zealand sports tipping site Jimungo, saying it lent itself to high audience engagement through interaction and participation in sports events.

Jimungo, bought from Affinity ID, had around 300,000 registered users and ran tipping competitions across all major sports. It was a strong fit for nzherald.co.nz's sports content, APN said today.

The company also announced it had agreed to buy a controlling stake in Australian online catalogue digital distribution business CC Media.

That deal provided it with a national position in the online advertising market, APN said.

APN chief executive Brett Chenoweth said the deals were a clear pointer to APN's strategy in terms of connecting its existing media assets with high growth digital businesses.

APN expected the investments to grow into an increasingly important contribution to its earnings in the next two to three years.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report