Ann: PRT interim results - media release, page-18

My take is the debt elimination is in preparation for the future. Debt will be gone by year end . They need to diversify and transform the business and having nil debt and cash is a good starting point . They will be net cash by the time the enter the new affiliation period in July 19.
The underlying NPAT for the 6 months is a figure that companies with markets caps of 98 m would kill for as is the 15 m in cash flow for the 6 months . The revenue decline and NPAT decline is not severe and the still have the leading audience share . Look at the last 3 years and one will see the decline although the decline is there it is not that severe and PRT EV has dropped slot faster than this decline