Finweek English Edition - - INVESTMENT -

Times Me­dia Group, which owns the Sun­day Times, Busi­ness Day and a few other me­dia as­sets, had re­sults out that, while show­ing a loss, also showed a rapid pay-off of the debt raised for the deal that saw Blackstar essen­tially take con­trol. This debt re­pay­ment is from free cash and not as­set sales, which is even more im­pres­sive, but what I re­ally liked was the de­tailed com­men­tary from CEO An­drew Bon­amour. Many CEOs (or their PR com­pa­nies) write a brief and of­ten mean­ing­less com­men­tary. But here we have de­tail, a lot of it ex­plain­ing the over­all strat­egy, go­ing into fur­ther de­tail on the dif­fer­ent as­sets and how it all fits to­gether to make prof­its go­ing for­ward. This is ex­actly what one wants from a listed com­pany, de­tailed and frank as­sess­ment and un­der­stand­ing of the com­pany and its plans.

Times Me­dia Group

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