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Investment
4 mins to read

Soft property market hits NZME ad revenues in interim result

CEO Michael Boggs says current half better already – with election, Rugby World Cup, and Christmas yet to unfold.

NZME took a hit from a soft property market and low consumer confidence in the first half of 2023.

Dita De Boni Fri, 25 Aug 2023

The soft property market, particularly in Auckland, and low consumer confidence has contributed to delays and deferrals in advertising spend, affecting listed media concern NZME’s half-year result.

The company’s total revenue of $166 million was a decline of 6% from the same period last year. It

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Dita De Boni Fri, 25 Aug 2023
Contact the Writer: dita@nbr.co.nz
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Soft property market hits NZME ad revenues in interim result
Investment,
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