Television NZ flags job cuts as part of moves to arrest profit decline in shrinking ad market

Thu, 23 Mar 2017

By Jonathan Underhill March 23 (BusinessDesk) - Television New Zealand has announced plans to streamline its businesses, cutting jobs to stem a decline in earnings in the face of falling advertising revenue. Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." Job losses would follow structural changes in the state-owned broadcaster's media operations and news teams, with cuts to existing jobs and some new positions created but "wi...

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