Revenue: Total revenue for the 12 months ended December increased to $350m from $347.6m.
Profit:$16m net loss, compared with a $12.2m profit a year ago.
Key takeaway: The company plans to cut costs further, despite a recent restructure.
NZX-listed publisher and broadcaster NZME has indicated it hasn’t finished cutting costs from its business, after announcing a restructure earlier this year which will see 30 editorial jobs terminated.
During this morning’s earnings call, the company was asked whether it had finished cutting
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