Bruce Gordon’s WIN Corp posts $8.6m loss, winds down transmitter network
Fresh documents filed with the corporate regulator show the regional TV operator swung to an $8.6 million loss in the 12 months to 30 June.
WIN Corp, the regional media operator controlled by Nine Entertainment’s largest shareholder, billionaire Bruce Gordon, swung to a loss last year after spending millions to decommission its own transmitter network.
Documents filed with the Australian Securities and Investments Commission (ASIC) last week show WIN Corporation posted an $8.6 million loss in the 12 months to 30 June, after recording a profit of $4.7 million the previous year. That result followed a previous fall in profit from $8.3 million.
The regional TV company booked revenue of $187.2 million in the 2025 financial year, down from $191.8 million the year before. It paid $3.5 million in tax and reported a “net consolidated profit” of $4.5 million — just over half the $8.8 million reported the previous year.
WIN Corp, which owns a range of regional media assets and property, also flagged it has begun decommissioning transmission sites operated by Digital Distributions Australia that form part of a so-called “microwave network”. The move carried a cost of $13.1 million.
