Profit plunges at NZME
Advertising revenue falls in core publishing division, but radio holds steady.
NZME chief executive Michael Boggs.
Publisher and broadcaster NZME has reported a 46% drop in net profit as digital subscriber growth failed to offset declining advertising and print revenue.
Net profit for the year to December was $12.2 million from revenue of $347.6m, down from respective figures of $22.7m and $365.9m a year
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