APN loses $456m, keeps mum on its CEO search BELEAGUERED media company APN News & Media has posted a net loss after tax of $456m and remained silent on its search for a new chief executive after five directors resigned this week. Taking out a non-cash impairment charge -- total write-downs on publishing assets was a whopping $638m -- the media company posted a 30 per cent fall in net profit after tax of $54.4m for the full-year. The result was in line with guidance.