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Profit plunges at NZME

Advertising revenue falls in core publishing division, but radio holds steady.

NZME chief executive Michael Boggs.

NBR Staff Wed, 21 Feb 2024

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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NBR Staff Wed, 21 Feb 2024
Contact the Writer: editor@nbr.co.nz
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Profit plunges at NZME
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