8% growth forecast for NZME radio

An APN overview has provided information in relation to the business strategy and financial performance of the recently re-branded to NZME. 

The highlight of the report is a forecasted 8.1% EBITA growth for its radio sector by the end of the 2015 financial year.

NZME is New Zealand’s largest media companies, with its print, radio, digital and e-commerce assets connecting weigh over 3.2 million New Zealanders each month.

While the company on a whole has experienced 30% negative growth in the last 3 financial years, radio has improved by 20%, now delivering $26.2m profit from the total revenue of $134m in the 2014 financial year.

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