MediaWorks woes: past, present and future

MediaWorks woes: past, present and future
Cam Wallace led MediaWorks for an IPO that never came (Image: MediaWorks)
Daniel Dunkley
The staggering $126 million loss reported by MediaWorks for 2022 might have taken some people in the media by surprise, but to many close observers and past associates, the company’s desperate financial struggles have been years in the making.A $110m impairment last year saw the radio and outdoor advertising group’s losses deepen from the $4.9m deficit recorded in 2021. As this year has shown, it’s hard to make money in the media in a downturn. But MediaWorks has been suffering for a lot longer than that.GFCThose looking...

More Economy

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Iron sand project could deliver $265m GDP boost: NZIER
Economy

Iron sand project could deliver $265m GDP boost: NZIER

Iron sands mining in Taranaki could create 1365 jobs, NZIER report says.

Trump’s tariffs may spur a more dovish RBNZ
Economy

Trump’s tariffs may spur a more dovish RBNZ

The risk appears more weighted to the RBNZ cutting the OCR further than otherwise.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025