May 4, 2020 / 11:54 PM / in 25 days

BRIEF-Prime Media Says Total Revenue For FY To April 2020 Declined 12.7% On Prior Year

May 5 (Reuters) - Prime Media Group Ltd:

* PRIME MEDIA GROUP LTD- TOTAL REVENUE FOR FY TO APRIL 2020 HAD DECLINED 12.7% ON PRIOR YEAR

* PRIME MEDIA GROUP LTD - NON-EXECUTIVE DIRECTORS HAVE AGREED A TEMPORARY 20% REDUCTION IN DIRECTOR FEES

* PRIME MEDIA GROUP LTD - ENACTED A HIRING FREEZE, WHICH HAS REDUCED WORKFORCE BY ABOUT 10%

* PRIME MEDIA GROUP LTD- PRIME’S KEY MANAGEMENT PERSONNEL HAVE ALSO AGREED A TEMPORARY 20% REDUCTION IN BASE SALARY

* PRIME MEDIA GROUP- ADVERTISING EXPENDITURE IN REGIONAL MARKETS SLOWED DRAMATICALLY IN RESPONSE TO RESTRICTIONS TO STOP COVID 19 Source text for Eikon: Further company coverage:

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