Resend: Television NZ expects to resume dividends in 2016, as ad revenue revives

Thu, 12 Mar 2015

(Removes garble from first paragraph) By Jonathan Underhill March 12 (BusinessDesk) - Television New Zealand, the state-owned broadcaster, expects to resume dividend payments in 2016, having gained approval to halt payments in fiscal 2014 while refurbishing its main building on Auckland’s Victoria St West. The government has foregone dividend payments of about $22 million in total in the past two years to allow TVNZ to overhaul its main building, consolidating all its workers onto the single site, after the broadcaster agreed to sell t...

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