PAUL MCBETH: Commercial media more robust than thought

Tue, 15 Sep 2020

Spring came early for NZX-listed media companies NZME and Sky Network Television.NZME shares are up 71 percent since the start of August and Sky has gained a more modest 16.3 percent – both well ahead of the S&P/NZX All Index’s 0.3 percent gain.Those rises are partly due to both previously trading at severely depressed prices after years of the local media sector putting off dealing with existential structural issues well in place before covid-19 reared its head.However, it also indicates NZME and Sky got through the start of th...

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