West Australian Newspapers Holdings (WAN)

Shares / Stock Code

WAN

Stock Exchange / Sharemarket

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West Australian Newspapers Holdings Limited (WAN) is a company engaged in commercial printing, newspaper publishing, and radio broadcasting as well as in providing radio communication facility and cinema advertising, cinema exhibition and film distribution industries. WAN was listed on the Australian Stock Exchange on the 9th of January 1992. Its average annual revenue reaches approximately $447 million out of its issued capital of approximately $112 million. Its headquarters is located in Osborne Park, Australia and to date; around 1,400 people are employed in the company. West Australian Newspapers Holdings Limited operates mainly in two business segments: Publishing industry and the cinema advertising, cinema exhibition and film distribution industry.

West Australian Newspapers Holdings Limited is the publisher of The West Magazine which is included in The West Australian's Saturday edition. Included in the other publishing interests of WAN are 22 regional magazines and newspapers as well as 3 commercial printing plants. The regional radio network that covers Karratha, Broome, Geraldton, Port Hedland and other parts of the northern part of the state is also a part of WAN's operations. Moreover, 50% of the Hoyts cinemas Group interest is included in the operation and management of the group. Included in the chain operations of WAN are 48 screens in more than 8 locations in New Zealand as well as 350 screens in more than 41 locations in Australia.

West Australian Newspapers Holdings (WAN) Company History

Western Australian Newspapers Holdings Limited began operating in 1833 when it first started to publish the West Australian newspaper in Western Australia. Quokka was taken by the company in 2002. Quokka is a newspaper for free advertisement established in Canada. Three free advertisements were given to clients in addition to paying a larger one. The newspaper was traded to more than 1,500 outlets.

RedWave Media including all businesses was purchased by the company for AUD$11.7 million. RedWave went on operating as RedWave Media without altering the company’s structure. At the latter part of 2004, Mandura Coastal Times was traded to Community Newspaper for AUD$2.97 million. Because of this, the company restructured and two titles owned by Mandurah merge.

West Australian Newspaper (WAN) acquired Geraldton Newspapers for $11.8 million in 2005. WAN is owned by West Australian Newspaper Holdings. Seven Network took Western Australian Newspapers Holdings in October 2006 through a strategic shareholding. The company took Midwest times and Geraldton Guardian.

Bunbury Key was taken by the Group in March 2007. Bunbury Key is a business directory. In April 2007, Kimberley Echo founded in Western Australia was gained by the Group as an additional in the company's newspaper.