High cost of changes
NZPA Sydney The cost of technological changes in magazine publishing and broadcasting might reduce dividend payments to Consolidated Press Holdings,' Ltd, shareholders, the directors say. For the first time in recent years directors have not declared an interim dividend, despite the group’s profit increase of 18.5 per cent to SAust9.2M in the six months to December 31.
For the past two years, the company which publishes the “Australian Women’s Weekly,” “Cleo,” and “The Bulletin” magazine has declared interim and final dividends of 10c a share.
New developments could see increasing, and substantial demands, on group resources which may affect dividend policy. These trends, and demands, were matters that could no longer be ignored, the directors say.
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Press, 9 April 1980, Page 21
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120High cost of changes Press, 9 April 1980, Page 21
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