Media company NZME is considering separating its property brand OneRoof into an entirely new business.

The company - which also owns Newstalk ZB and the New Zealand Herald - is reporting a full-year net loss of $16 million.

Operating revenue is up 2 percent, but earnings are down by 3.6 percent.

Chief Executive Michael Boggs says they're doing a strategic review of OneRoof.

"How is it structured, and what is the best way of the shareholdings of that business? Should we own all of it - or should there be other shareholders in it, for example? Should we be investing more into it?"

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Media company NZME is considering separating its property brand OneRoof into an entirely new business.
The company - which also owns Newstalk ZB and the New Zealand Herald - is reporting a full-year net loss of $16 million.
Operating revenue is up 2 percent, but earnings are down by 3.6 percent.
Chief Executive Michael Boggs says they're doing a strategic review of OneRoof.
"How is it structured, and what is the best way of the shareholdings of that business? Should we own all of it - or should there be other shareholders in it, for example? Should we be investing more into it?"
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.

Best of Business

Michael Boggs: NZME chief executive on the company posting a $16 million full-year net loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c54d6b7c-cf73-4acc-8822-b29000605756/transcript