NZME’s investor day: what we learned

NZME’s investor day: what we learned
Michael Boggs wants NZME to be number one in media world. (Image: NZME)
Daniel Dunkley
After issuing an earnings downgrade last week, New Zealand Media and Entertainment (NZME) held its annual investor day on Wednesday, touching upon the future of its print publishing business, shareholder returns and acquisition opportunities.The group has unveiled a new three-year strategy to be the number-one audio company in NZ, the top news destination and an essential property platform to rival TradeMe.Investors gave their approval. After announcing the grand plan to the market this morning, shares were up 8.4% to $0.90 in afternoon trading...

More Media

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

Staff reporters 16 Sep 2025
BusinessDesk appoints Andy Macdonald
News in Brief

BusinessDesk appoints Andy Macdonald

Macdonald takes on the role of senior corporate finance correspondent.

Staff reporters 09 Sep 2025
Wētā FX narrows loss and rebuilds R&D
Economy

Wētā FX narrows loss and rebuilds R&D

New Zealand contracts rose 28% to $411m.

Gregor Thompson 04 Sep 2025
Big profits, minimal tax: New report on how to make Google, Facebook pay fair share of tax
News in Brief

Big profits, minimal tax: New report on how to make Google, Facebook pay fair share of tax

“Dodgy” but not necessarily illegal – and this could be tested.This is how tax expert Nick Miller describes the financial practices of Big Tech multinational giants – including Google, Facebook, Amazon, Microsoft, and Oracle – which make a lot of money in New Zealand and pay mini...

Staff reporters 04 Sep 2025