Media company NZME's remaining cautious about the economy despite a positive financial year.
The owner of The Herald and Newstalk ZB reported a $13.1 million net after tax profit - turning around the previous year’s $16 million dollar loss.
Its operating costs were four percent lower annually - reflecting the closure of community publications in December 2024.
CEO Michael Boggs says it's a grind to recovery.
"There's still been inflationary pressures, they're not feeling the best, they're not feeling confident yet to go and invest. And advertising is probably one of the first levers you can pull."
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Heather du Plessis-Allan Drive