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

from Best of Business · host Newstalk ZB

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 ABOVESee omnystudio.com/listener for privacy information.

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