CORRECT TVNZ half-year profit drops 26 percent, online revenues grow

CORRECT TVNZ half-year profit drops 26 percent, online revenues grow
(Removes incorrect 4th par referring to dividend payment from FY11 period.) Feb. 28 (BusinessDesk) - State-owned broadcaster Television New Zealand's earnings after tax for the six months to Dec. 31 fell 26 percent to $14.2 million as advertising revenues fell and the network spent an extra $10.5 million buying programmes, including top-rating New Zealand's Got Talent. Total operating revenues of $193.9 million for the half-year compared with $199.7 million in the same period a year earlier, with advertising revenue falling to $165.3 million...