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.
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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