Michael Boggs: NZME Chief Executive on the company posting $54.2 million in earnings and net loss after tax of $16 million after impairment
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Media company NZME is considering separating its property brand OneRoof into an entirely new business.
The company - which also owns Newstalk ZB and the New Zealand Herald - is reporting full-year earnings of $54.2 million and a net loss after tax of $16 million after impairment.
Operating revenue is up 2 percent, but earnings are down by 3.6 percent.
Chief Executive Michael Boggs says they're doing a strategic review of OneRoof.
"How is it structured, and what is the best way of the shareholdings of that business? Should we own all of it - or should there be other shareholders in it, for example? Should we be investing more into it?"
LISTEN ABOVE
See omnystudio.com/listener for privacy information.