Soft property market hits NZME ad revenues in interim result
CEO Michael Boggs says current half better already – with election, Rugby World Cup, and Christmas yet to unfold.
NZME took a hit from a soft property market and low consumer confidence in the first half of 2023.
The soft property market, particularly in Auckland, and low consumer confidence has contributed to delays and deferrals in advertising spend, affecting listed media concern NZME’s half-year result.
The company’s total revenue of $166 million was a decline of 6% from the same period last year. It
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