Print Published 8th May 2017, 10:32

Restructuring announced at loss-ridden Matomy Media Group

The Israeli digital advertising sales business Matomy Media Group that lost $ 11.7 million in 2016 is to withdraw from a “broad range” of activities that are no longer “core to its long-term strategy”.

In an announcement this morning, the AIM listed company said it expects to incur certain one-off redundancy and short-term operational costs related to the restructuring although it does not expect those costs “to be material in the aggregate”.