West Australian lowers forecast

25 May 2009

West Australian Newspapers Ltd, the parent company of newspaper The West Australian, has revised its forecasted earnings downwards this financial year because of poor sales in its recruitment and real estate classifieds.

Just three months ago, WAN expected to make a A$108million ($81.5million U.S.) profit over FY2009-2010. This week that figure was revised to somewhere between $93 mi

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.