Tag: media futures

Posting profits but what is the future bottom line?

We have become all too familiar with New Zealand media company interim and full year reports oozing red ink, so it was pleasant surprise to see three of them reporting profits last week.

The biggest earner by a large margin was Sky, which announced its net profit had risen two per cent to $41.8 million on revenue that was up a solid nine per cent to $826 million. Over the past three years its share dividend has more than doubled.

Sky’s biggest drawcard is its sports offering and it added icing to the profit announcement by disclosing that it has secured rights to English Premier League matches. It also has long-term contracts with rugby, cricket, league and the Olympics.

Then NZME waded in with a post-tax half-yearly profit of $6.6 million that reversed a $400,000 loss for the same period last year. Radio was its standout performer, with operating revenue growing eight per cent to $61.8 million, significantly ahead of its publishing revenue.

Finally, TVNZ reported a profit of $16.3 million and an end-of-year dividend of $2.2 million. In total the state-owned company contributed close to $4 million to the government coffers in 2026.

Less pleasant was the realisation of how TVNZ and NZME achieved their profits. Continue reading “Posting profits but what is the future bottom line?” →

A prediction: New Zealand’s media when I turn 100

Commentators who project themselves into the future are either very gifted or exceedingly stupid. Only time will tell which of those I have been.

I have been encouraged to lay my credibility on the line by a series of reports over the past week that address the future of mass media – the print, broadcasting, and mainstream digital outlets that are the primary producers of journalism.

I have projected myself forward to a time when I am preparing for my 100th birthday. Okay, it’s not that far away. We are talking about a leap in time of not much more than 20 years. Given the pace of technological change, that is as far forward as any sane person should be prepared to predict.

What I see is a landscape in which print is the quaint pursuit of an artisan group of niche periodical publishers, broadcasting is no longer a term in common use because it has been replaced by streaming services, and ‘mainstream’ is something that marketers recall with wistful fondness.

I see China and Bangladesh continuing to flood the world with mass-produced use-and-throw-away garments with which we clothe ourselves, while information seekers turn to the equivalent of nineteenth century bespoke tailors for their news. Journalism will become personal.

Several developments have drawn me to that prediction. Continue reading “A prediction: New Zealand’s media when I turn 100” →