Feb 18 (Reuters) - APN News & Media Ltd:

* Chairman, CEO and three independent directors resign

* Says Peter Hunt today announced his resignation and that of the CEO and

Managing Director

* Director Brett Chenoweth and three independent directors Melinda Conrad, John

Harvey and John Maasland also resigned

* Says resignations will take effect on 19 February 2013

* Says 'while the board agreed the company needed to reduce its debt, it was

unable to agree on the methodology'

* Departing directors believed that a capital raising should be undertaken at

the time the company announces its full year results'

* Independent News & Media and its major shareholder together with Allan Gray

representing approximately 51% of APN's shares have unequivocally indicated

they are opposed to a capital raising at the present time

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