Restated MediaWorks accounts add $2 million loss

Restated MediaWorks accounts add $2 million loss
Mediaworks chief executive, Wendy Palmer. (Image: NZME)
Daniel Dunkley
MediaWorks has restated its prior year accounts for the second year running, reporting additional losses of more than $2 million.The outdoor advertising and radio group released its 2022 financial results last week, revealing a $125m loss, and its restated 2021 numbers saw the company slide further into the red.Revised results for 2021 show the company made a total loss of more than $5m, up from a previously reported $3m deficit.MediaWorks revised down the 2021 numbers after overestimating a future tax benefit. An expected deferred tax ass...

More Media

BusinessDesk appoints Jaime Lyth
News in Brief

BusinessDesk appoints Jaime Lyth

BusinessDesk continues to grow. 

Staff reporters 05 Nov 2025
Trade Me parent company appoints Owen Wilson as director
Finance

Trade Me parent company appoints Owen Wilson as director

Wilson was CE of $A30b Australian digital-property company Rea Group Ltd.

Staff reporters 04 Nov 2025
TVNZ’s new chair is a no-nonsense corporate dealmaker
News in Brief

TVNZ’s new chair is a no-nonsense corporate dealmaker

One of New Zealand’s most respected corporate dealmakers has been appointed chairman of TVNZ – the Government’s biggest move yet in the shake-up of the public broadcaster’s board and operation.Retiring Goldman Sachs NZ managing director and chief executive Andrew Barclay will rep...

Staff reporters 30 Sep 2025
Jim Grenon acquires more NZME shares
Markets

Jim Grenon acquires more NZME shares

NZME director Jim Grenon has acquired another one million NZME shares, according to a new NZX notice, and is moving closer to becoming the company’s biggest shareholder.The businessman now holds 34,694,802 shares of the media business, which owns the NZ Herald, representing a sta...

Staff reporters 26 Sep 2025