Coronavirus

NZME eyes 2021 dividend after covid tightening

Paul McBeth
Tue, 25 Aug 2020

NZME eyes 2021 dividend after covid tightening

Paul McBeth
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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NZME eyes 2021 dividend after covid tightening

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