NZME shareholders face a longer wait for dividends

NZME shareholders face a longer wait for dividends
Paul McBeth
NZME’s 740 shareholders face another year without any dividends with new banking arrangements banning distributions until July next year at the earliest. The media group suspended dividends at the end of 2018 when the board decided to focus on shoring up its balance sheet by repaying debt. Since the end of December, NZME reduced its net debt to $62 million by the end of May. The publisher of the NZ Herald newspaper and operator of The Radio Network stations has extended the term of its banking facilities with Westpac New Zealand and Commo...

More Services

Why chefs are losing their appetite
Services

Why chefs are losing their appetite

Fine dining is losing its shine for a generation of chefs.  

Dileepa Fonseka 10 Jan 2025
Audit fee rise is NZ playing ‘catch up’
Finance Auditing the Auditors

Audit fee rise is NZ playing ‘catch up’

Auditors have relied on importing talent, says NZSA's Oliver Mander. 

Murray Jones 18 Dec 2024
A box of unopened mail for a Xmas gift. What could go wrong?
Services

A box of unopened mail for a Xmas gift. What could go wrong?

Mystery packages popular in the US, but things can quickly go from fun to weird.

Creative solutions needed to keep NZ workers
Economy

Creative solutions needed to keep NZ workers

Robert Walters sees talent migration potentially getting worse in 2025.