NZME eyes 2021 dividend after covid tightening

Tue, 25 Aug 2020

NZME is putting dividends on the table next year after whipping the business into shape – with the help of government money – in response to the covid-19 pandemic.The publisher of the NZ Herald newspaper and operator of The Radio Network stations stripped $20 million from its cost base in response to the outbreak, which hit media companies immediately when advertising revenue slumped. NZME responded by reining in capital spending, closing the 24-year-old Radio Sport station and cutting more than 200 staff – about 15 percent of...

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