State broadcaster TVNZ posted a paper loss of nearly $24 million today, but an operating profit of $3.9 million.

CEO Jodi O'Donnell told Heather du Plessis-Allan that the paper loss was due to a heavy rate of investment into the streaming platform.

"We've signalled that for the next two years we will strategically invest our savings into ensuring that TVNZ is around for a long time yet," O'Donnell said.

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State broadcaster TVNZ posted a paper loss of nearly $24 million today, but an operating profit of $3.9 million.
CEO Jodi O'Donnell told Heather du Plessis-Allan that the paper loss was due to a heavy rate of investment into the streaming platform.
"We've signalled that for the next two years we will strategically invest our savings into ensuring that TVNZ is around for a long time yet," O'Donnell said.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Jodi O'Donnell: TVNZ CEO on full year results

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3be66764-3f77-44c9-bd05-b4b400518796/transcript