TVNZ dividend relief tied to refurbishment cost for no more than three years

Wed, 04 Sep 2013

By Paul McBeth Sept. 4 (BusinessDesk) - State-owned broadcaster Television New Zealand is still ironing out the details of its dividend relief with its shareholding ministers, which will be linked to the cost of upgrading its Victoria St West building and won’t go beyond 2016. The Auckland-based broadcaster today announced the sale of two plots of prime Auckland real estate to SkyCity Entertainment Group for $10.6 million, enabling the casino operator to build a convention centre in the city’s central business district. TVNZ agreed to the...

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