NZME shares slide on weak outlook
Chief executive cites drop in business confidence behind advertising slowdown.
Chief executive cites drop in business confidence behind advertising slowdown.
Shares in media group NZME slumped 16% as the market digested the implications of its half-year result, featuring falling profits and a weak outlook.
In the first two hours of trading NZME shares were down 13c to 70c on low volume, representing a $25 million fall in the company’s market
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Thu, 23 Aug 2018