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Michael Boggs: NZME chief executive on the company reporting a 46 percent drop in profit

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Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Media giant NZME has reported a drop in net after-tax profit of $12.2 million dollars.

The company behind the New Zealand Herald and Newstalk ZB has blamed declining business confidence, inflation, and increased interest rates on their reduced earnings.

CEO Michael Boggs says they're hoping for a better financial year in 2024.

"We're seeing really good green shoots so far in January and February, we're seeing our revenue up year on year- in fact, the property market's obviously significantly high right at the moment."

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6167 episoade

Artwork
iconDistribuie
 
Manage episode 402077373 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Media giant NZME has reported a drop in net after-tax profit of $12.2 million dollars.

The company behind the New Zealand Herald and Newstalk ZB has blamed declining business confidence, inflation, and increased interest rates on their reduced earnings.

CEO Michael Boggs says they're hoping for a better financial year in 2024.

"We're seeing really good green shoots so far in January and February, we're seeing our revenue up year on year- in fact, the property market's obviously significantly high right at the moment."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

6167 episoade

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