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NZME cuts dividend as it re-evaluates debt

NZME forecasts a 21% decline in full-year earnings.

Wed, 21 Nov 2018

NZ Herald publisher NZME says it probably won’t pay a final dividend this financial year as high borrowing costs forces it to re-evaluate its debt.

Shares in the media owner, which also owns The Radio Network stations, slipped about 5% on Wednesday to 60c, the lowest level since early

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NZME cuts dividend as it re-evaluates debt
Business,
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