NZME has reached a milestone: Its digital publishing business is now profitable on a stand-alone basis. That means it can cover its newsroom and editorial costs without relying on its print operations.
The publisher and broadcaster highlighted the landmark in an investor presentation last week that was a commendably wide and deep appraisal of the group’s current and future prospects. At the same time, it gave some useful insights into the country’s overall news media landscape.
It was common knowledge that NZME’s digital strategy was tracking in the right direction but there were still a few surprises in the two-hour session that included a 150-slide PowerPoint presentation. Continue reading “NZME reaches a milestone some thought impossible”