NZME has cut 200 jobs and requested all staff on a salary of more than $50,000 per year take a 15% pay cut for 12 weeks. This comes as New Zealand media continues to struggle with the impact of Covid-19 on the advertising market. NZME, publisher of the New Zealand Herald, has already taken a number of steps to cut costs amid the crisis. The company has also requested staff to take annual leave before July, temporarily stopped the production of some products, and ceased broadcasting Radio Sport. The most significant blow to New Zealand media so far has been in the magazine industry, which saw Bauer pull the plug on the local market earlier this month.

Source: Otago Daily Times April 13, 2020 22:15 UTC