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

BUDGET 2012:
Parliament Debate Live - Video Of Budget 2011
Keith Ng Interactive Graphic: How the Budget Breaks Down
BUDGET 2012 - FULL COVERAGE: Reports / Analysis - Press Kit - Reaction (from everybody) - Previews (from everybody) - Pre-Budget Announcements

Gordon Campbell: On the Budget’s Spreadsheet Victories

It wasn’t as if expectations were sky high, exactly. Chances are, it was always more likely that we’d be seeing Bigfoot rampage through the Beehive lock-up than catch a glimpse of a credible growth agenda from this government. More >>

Sludge Budget Report - Short The Dollar! MEMO: To international bankers FROM: C.D. Sludge Please short the dollar! It'll be good for both you and us. And you know you want to. Greexit, Eurogeddon... watch out... flight to quality and all that. Follow your instincts. The NZ Debt Management Office has been so surprised at the unprecedentedly low interest rates that it can borrow at that it has already entirely pre-funded the 2013 fiscal deficit - all $8 billion of it! More >>

Pattrick Smellie Comment: Doddling along the best we can hope forCriticising Budgets for lacking vision or imagination is like shooting fish in a barrel, but even so, this year's Budget again feels like a missed opportunity. Perhaps it's the intrusion of real world needs that means the government couldn't make better political use of the $558.8 million it expects to gather in its first partial asset sale. More >>