Post-lockdown bounceback delivers record TVNZ profit

TV and video ads were venues of choice for advertisers after lockdowns ended. (Image: Supplied)

Tue, 31 Aug 2021

Last year’s post-lockdown consumption-led economic bounceback combined with lower costs and sustained audience growth to deliver the state-owned broadcaster its strongest profit since its 2003 restructuring.For the 12 months to June 30, TVNZ reported a net profit of $59.2 million, an $85m turnaround on the previous year’s $25.8m loss and by far its strongest result in the last 18 years.The result comes just weeks ahead of cabinet deliberations on how to merge TVNZ with its non-commercial radio and digital broadcasting cousin, Radio...

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