1 Mar 2024

TVNZ flags further cost cutting due to half year loss

From Midday Report, 12:17 pm on 1 March 2024

Hard on the heels of this week's shock Newshub announcement, TVNZ is flagging further cost cutting.

The state-owned broadcaster has posted a first half-year loss linked to reduced revenue and asset write offs.

Its interim results show total revenue has fallen 13.5 percent from last year to $155.9 million.

It says it's facing a "significant reduction in television advertising revenue" and a challenging trading environment.

RNZ Mediawatch's Colin Peacock spoke to Charlie Dreaver.