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WAN staff cull bigger than expected

West Australian Newspapers Holdings (WAN) expects to take a near $14 million hit after a higher than expected number of voluntary redundancies at its newspapers.

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Joondalup
The big media guns have severley taken their eyes of their print businesses of late and it is no wonder their staff are now hurting &/or leaving. Smaller niche newspapers that provide a real service to their advertisers and readers, such as WA Business News and Realestate WA, probably already run very lean and are able to better control costs. I'm sure they will fair much better over this period, as will their staff.

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Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
162ndSeven Group Holdings79%29%
345thSeven West Media21%-9%
420thAustal4%22%
538thAutomotive Holdings Group-10%3%
543rdRCR Tomlinson-11%8%
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2nd-Automotive Holdings Group$6,079.6m
3rd-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
5th↑Austal$1,325.3m
6th↑RCR Tomlinson$1,294.6m
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148thBridget Fair$610k
250thMelanie Allibon$439k
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