Learning Media focuses on future growth in a year of change

Learning Media focuses on future growth in a year of change

Learning Media achieved a pre-tax profit of $911,000 for the year ended 30 June 2011, on overall revenues of $23.47 million. This compares with last year’s pre-tax surplus of $2.16 million.

Board Chair Sandy Maier said the year had been one of change and challenge for Learning Media, with a focus on securing sustainable future growth in local and international markets. To achieve this, the company had re-organised itself with a stronger focus on sales and marketing, and boosted its ability to provide digital solutions with the acquisition on 1 April 2011 of private education services company, CWA New Media.

CWA New Media brings a strong reputation built over fifteen years in interactive media (including video and animation) and online development, which complements Learning Media’s core expertise in effective teaching and learning, and its publishing, professional development, and consultancy services.

“The key education and health services markets in which Learning Media works are becoming more and more competitive, diverse and demanding in their requirements’, said Maier, “Locally, the company has focused on strengthening key relationships with the ministries of Education and Health, and developing its position as the preferred education and health literacy partner of a growing number of public and private sector clients”.

During the year, the company completed projects for RWC 2011, NZ Post, the Health Sponsorship Council and Nestlé, among others.

Learning Media continues to develop its profile in the educational publishing sector in the United States, this year winning two significant contracts with leading publishers to develop reading programmes. A new interactive whiteboard resource, Strategy Zone, was recognised in the US, winning an Association of Educational Publishing Distinguished Achievement Award. Websites developed by CWA New Media and Learning Media publications also won local awards for design and content during the year.

In 2011/12, we will assertively pursue revenue and customer diversification in competitive domestic and international markets, based on our knowledge and ability to provide world-class support for effective teaching and learning to solve the biggest issues in health and education’, said Sandy Maier.

ENDS

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