Michael Boggs: NZME chief executive on the tough trading environment impacting the media sector

New Zealand Media and Entertainment (NZME) says its first-half revenue was slightly up on the year before, despite a tough trading environment. The media group behind the New Zealand Herald, BusinessDesk, Newstalk ZB and OneRoof reported a first-half net profit of $1.9 million, down 4.3 percent on the year before. However, there was a 3 percent lift in operating revenue and other income to $171 million. NZME chief executive Michael Boggs says the company will be in for a tough few months - but hope is returning to the economy.  "We are seeing signs of improvement, we're obviously seeing the OCR coming down, we're seeing business and consumer confidence start to lift - so we'd love to see that flow through." LISTEN ABOVESee omnystudio.com/listener for privacy information.