HONG KONG -- The publisher of the pro-democracy Apple Daily newspaper in Hong Kong and Taiwan, plagued by worsening business and political strains, reported a net loss for a fifth straight year on Monday night.
Next Digital, the Hong Kong-listed media group led by prominent pro-democracy advocate Jimmy Lai Chee-ying, posted a loss of 415.2 million Hong Kong dollars ($53.6 million) for the financial year ended in March, or HK$77 million worse than the prior year. Revenue dropped 11% to HK$1.15 billion.
