Advertising slump continues to take a bite out of NZME’s full-year
But debt down and ebitda nudges up after cost containment drive.
A slump in advertising that only came back at the end of 2020 has affected revenue at NZ Herald publisher NZME in the year ending December 31, 2020, but cost savings taken to negate the effects of that slump helped drive debt reduction and a profit turnaround.
“The initial shock of Covid-19
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