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26 Feb 2025 14:26
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      Home > News > Business

    Media company NZME -- the owner of Newstalk ZB and the Herald -- is reporting a full year net loss of 16-million dollars

    Media company NZME -- the owner of Newstalk ZB and the Herald -- is reporting a full year net loss of 16-million dollars


    Operating revenue is up two-percent, but earnings are down 3.6 percent.

    It's been a tough year for the media industry, with the closure of Newshub and major cutbacks at TVNZ.

    But NZME Chief Executive Michael Boggs says the company's performing well, with real estate website One Roof seeing a 51-percent increase in digital revenue.

    The company's in the process of cutting about 30 newsroom roles.

    © 2025 Newstalk ZB, NZCity

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