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APN appoints Peter Cosgrove chairman

APN News and Media has appointed Peter Cosgrove as its new chairman, following the departure of Peter Hunt, the company said on Tuesday.

Mr Cosgrove has been a board member since December 2003, APN said in a statement.

He is also a former director of majority shareholder, INM.

Mr Hunt and chief executive Brett Chenoweth, as well as directors Melinda Conrad, John Harvey and John Maasland stepped down on Tuesday after disagreement with APN's two largest shareholders over a proposed capital raising.