Media company NZME's remaining cautious about the economy despite a positive financial year.

The owner of The Herald and Newstalk ZB reported a $13.1 million net after tax profit - turning around the previous year’s $16 million dollar loss.

Its operating costs were four percent lower annually - reflecting the closure of community publications in December 2024.

CEO Michael Boggs says it's a grind to recovery.

"There's still been inflationary pressures, they're not feeling the best, they're not feeling confident yet to go and invest. And advertising is probably one of the first levers you can pull."

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Media company NZME's remaining cautious about the economy despite a positive financial year.
The owner of The Herald and Newstalk ZB reported a $13.1 million net after tax profit - turning around the previous year’s $16 million dollar loss.
Its operating costs were four percent lower annually - reflecting the closure of community publications in December 2024.
CEO Michael Boggs says it's a grind to recovery.
"There's still been inflationary pressures, they're not feeling the best, they're not feeling confident yet to go and invest. And advertising is probably one of the first levers you can pull."
LISTEN ABOVE

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. 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.

Best of Business

Michael Boggs: NZME CEO on the company growing earnings and bouncing back

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4da72c7a-8ece-4a2f-b64d-b3fb006710bb/transcript