Media company NZME's full-year results covered a year disrupted by Covid-19NZ Herald owner NZME exceeded its guidance for the year to December 31 clocking up operating earnings of $67.3 million and signalling a return to dividends. The drop in revenue reflected the significant impacts of Covid-19 on advertising, NZME said. Advertising revenue fell 16 per cent to $218.9m. "It's very pleasing that we ended 2020 with advertising revenue in some areas approaching levels similar to 2019," said Boggs. Today NZME reported further momentum in its key strategic priorities with year-on-year growth in radio revenue market share and digital listening via its iHeartRadio platform.

Source: New Zealand Herald February 23, 2021 20:30 UTC