NZME pares back OneRoof expectations amid housing slump

NZME pares back OneRoof expectations amid housing slump
CEO Michael Boggs is optimistic OneRoof's revival is just around the corner. (Image: NZME)
Paul McBeth
News and entertainment group NZME has dialled back its expectations for its online real estate business OneRoof as the sharp decline in the property market has sapped revenue expectations. The media group – which publishes the NZ Herald and BusinessDesk – has tagged OneRoof as a driver of growth for the past five years, latching on to a previously proven property play that’s paid dividends to others that have tried, such as Australia’s Fairfax through Domain and Trade Me and News Corp’s REA Group. NZME ch...

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