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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZX 50 lifts 0.5% as Eroad continues to climb

Metroglass shares were down after it announced its recapitalisation plan.

Gregor Thompson 5:50pm

Economy

Jones looking at gas rationing

“The wholesale hollowing out of the regional manufacturing sector.”

Ian Llewellyn 2:40pm

Markets

Metroglass recap plan hands control to Amari Metals

An independent report said Metroglass was left with “no viable alternatives”.

Gregor Thompson 1:30pm

Metroglass recap plan hands control to Amari Metals

Sponsored

Why NZ businesses lag on solar and the adoption of clean on-site renewable energy

Aussie firms are beating Kiwis in solar use – but that can change.

Lightforce

Sponsored

A decade in, Spark’s AI journey is paying off

The telco’s use of AI offers insights for every Kiwi business.

Spark

More Services

Services

Food Chain report shows $9m owing

More than $9.1m is owing in the liquidation of food supplier Food Chain, the first report in the insolvency shows. The company, which has ceased trading, had approximately 60 staff, and is also in receivership. The first liquidators' report of Adam Botterill and Damien Grant...

Staff reporters 11 Jul 2025