TO FINANCE, THERE'S BEEN A LEADERSHIP SPILL AT THE HELM OF A-P-N NEWS AND MEDIA, AMID A STOUSH OVER A CAPITAL RAISING.

A-P-N'S CHIEF EXECUTIVE, CHAIRMAN AND THREE BOARD DIRECTORS HAVE RESIGNED FROM TODAY AFTER ITS TOP SHAREHOLDER, THE IRISH COMPANY INDEPENDENT NEWS AND MEDIA, URGED A DELAY TO ANY CAPITAL RAISING.

THE OUTGOING DIRECTORS HAD ARGUED FOR A 300 MILLION DOLLAR CAPITAL RAISING, BUT IT SPARKED A BACKLASH FROM ITS MAJORITY SHAREHOLDERS.

THE U-S PUBLISHER OF READER'S DIGEST MAGAZINE HAS FILED FOR BANKRUPTCY FOR THE SECOND TIME IN FOUR YEARS AS IT STRUGGLES TO ADJUST TO THE SHIFT TO ONLINE MEDIA.

R-D-A HOLDING COMPANY FILED FOR VOLUNTARY BANKRUPTCY AS PART OF A DEAL TO CUT 450 MILLION DOLLARS IN DEBT.

THE COMPANY SAYS THE BANKRUPTCY FILING ONLY APPLIES TO ITS BUSINESS IN THE U-S AND DOES NOT AFFECT ITS INTERNATIONAL ARMS, INCLUDING IN AUSTRALIA.

AND THE MINUTES OF THE RESERVE BANK'S LAST MONETARY POLICY MEETING WILL BE RELEASED LATER THIS MORNING.

THEY'RE EXPECTED TO SHOW THAT THE RBA IS PREPARED TO WAIT TO CONFIRM FURTHER MOVEMENTS IN INTEREST RATES.

TO THE MARKETS...

STOCKS IN THE U-S ARE CLOSED TODAY.

AND IN LONDON , THE FOOTSIE WAS DOWN SLIGHTLY.

TO COMMODITY PRICES -

WEST TEXAS CRUDE IS TRADING AT 96 U-S DOLLARS A BARREL.

TAPIS CRUDE IS TRADING AT 123 U-S DOLLARS A BARREL.

AND GOLD IS WORTH 1,609 U-S DOLLARS AN OUNCE.

THE AUSTRALIAN DOLLAR IS BUYING 103 U-S CENTS, 77 EURO CENTS AND 67 PENCE STERLING.

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