Discovery NZ suffers a $35m full year loss
The company’s overseas parent pumped $24m into the business in October.
Newshub anchors Samantha Hayes and Mike McRoberts.
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Discovery NZ, which acquired Mediaworks NZ’s television assets in 2021, has slid slightly further into the red after a near 20% jump in costs over the past year.
The company has reported a net loss of $34.9 million for the 12 months ended June, which compares with a $34m loss a year ago.
However,
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