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 full-year earnings of $54.2 million and a net loss after tax of $16 million after impairment. 

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 full-year earnings of $54.2 million and a net loss after tax of $16 million after impairment.&nbsp;
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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Michael Boggs: NZME Chief Executive on the company posting $54.2 million in earnings and net loss after tax of $16 million after impairment

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/50fbbc09-860f-4f8d-8481-b29000605861/transcript