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State media TVNZ reports $85 million loss

TVNZ loss news

State-owned broadcaster TVNZ has reported a significant loss of $85 million for the full year, driven by a $62 million asset write-down and a $39 million drop in advertising revenue.

CEO Jodi O’Donnell cited a challenging economic environment and a tough advertising market as key factors in the loss.

The legacy media outlet is focusing on cost-cutting measures, aiming to save $30 million, while continuing to invest in its digital strategy and streaming platform.

The company will not pay a dividend but remains confident in its turnaround plan.

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35 COMMENTS

  1. 🤣. No mention of woke ideology and Maori mumbo jumbo turning us plebs off their nonsense. The Elephant in the room is pooing a lot.

  2. TVNZ your going down big time and nothing you do will stop it ,the people have spoken by not listening to your lies and propaganda any more ,good riddance.

  3. Continual repeats of ‘The Chase’. ‘Tipping Point’, ‘Master Chef’ and other useless mind-numbing over-repeated programming has led to this.
    Fed up with the morning programs, and ‘Seven Sharp’ with it’s meaningless Hilary-based banter.
    The Sunday Political Programs (Q&A) are biased, and mostly never watched due to the Globalist-promoting slant…
    I know that Chris Faafoi was contacted by a friend of mine suggesting a complete overhaul of the TVNZ programming. Such an overhaul was suggested to included The History Channel, Eden, Maori Channel, TV1, 2 & 3, TLC, Rush, Discovery, Real History, BBC, and Channel 200 along with Al-Jazeera.
    Glad that the over-reaching Shopping Channels have been replaced, but the Track 1 & 2 Channels encourage at-home gambling.
    The Parliament Channel shows the dialogue that gets talked-around on the House Floor…
    The Religious Channels should be reduced to one-channel only, allowing for more channel usage of other formats.
    Strange how the Chinese channels do not offer English language translations on the screens…
    We also need to see Russian programming as well, in order to get both sides of the story, in English and in translated captions.
    Look for TV Reception Licences to make a return, and channels being abolished to that which only Jabby would approve of..!

  4. No one I know watches free to air TV anymore as it’s Almost all Rubbish / propaganda and anything that is worth watching is so drowned in a sea of pointless commercials as to make it unwatchable. We should be watching any half way decent film / TV series/ documentary as God intended anyway on Physical Media. If they really needed to save money they would have cancelled Short On Talent Street years ago as it’s only ever been the lowest form of Social Engineering.

    • Why? Because those who have tried to make their thoughts known to Parliament are continually ignored.
      Take the Bravo Channel for instance; ‘Million Dollar Jews’ who do real estate that no one can or ever will be able to afford.
      Or, the J3wi$h ‘Real Housewives of Hell’…! Let’s not forget ‘Below Decks’, while other maritime events (USS Liberty and liner Wilhelm Gustav) are deliberately ignored…
      How ’bout that ‘Travel Channel’, where sponsored Zionists travel around the world visiting and exploiting places that most of us cannot afford to visit anyway…
      Uh oh…Tariq is installing some tiles that his ex-wife doesn’t like, and the ‘Good Bones’ girls have gone for paint…
      Now…when do those lottery results come on?
      I think my G-G finally came in after spending $3K for a $500 dollar win…!
      I’m cold…maybe I need to buy a Tevo heater, so that I can stay warm while my Tibo Massage Chair vibrates my joints out of place…!
      The madness of predictive programming and boring sports narratives…!

  5. TV did not find out they had a loss of $85m just now. Each month the accountant would have produced a profit/loss statement. Why has this carried on?

    Dump them now. No one watches this crap TV network anyway. We watch online movies and series.

    Advertisers use online news networks, popular sites to push their products.

  6. I cannot speak to TVNZ because I do not watch it anyway. I have noticed how the quality of programming on many channels has dropped significantly over the last few years.

    For example, a decade ago (give or take) Discovery Channel used to be excellent. Now it’s all “Naked and Afraid”, “Demolition Down Under” and “Sewer Divers”. It’s appalling.

    I mean really appalling. If I want to see naked people, I will see naked people that are not blurred out on the internet LOL. If I want to see buildings demolished, I will walk to a local building site and get out a small chair and popcorn, if I want to see the sewer, well, you can guess.

    Some of the programming has got to the stage where they are not only dumbing us down but are really “taking the piss”. They are like asking us rhetorically, “How bad do we have to make it before you stop watching?”

  7. More like a total loss.
    This now known as criminal organisation is the most abusive gaslighting globalist corporation in our nation.
    Almost total grooming and misinformation.
    Peddling filth and lies. Pushing false narratives and selling junk.
    Utter psyop garbage.
    Let this globalist grooming tool be seen as the weaponised brainwashing tool it has become.
    Aiding and abetting MASS MURDER. /DEMOCIDE.
    G U I L T Y.

  8. If the coalition government finishes its term with NO CHANGES to the News Team – then we know that it’s all smoke and mirrors.
    All the Breakfast and 6Pm News bumpkins need to be fired straight away.
    Everyone in the country would be happy to see the lot of them go at any price – even redundancy payouts.
    If they don’t go now; they will end up on the slag heap of history anyway.
    They have brought in some new members for the RNZ Board plus one new appointment for TVNZ – but its not much at all in that infested place. https://corporate.tvnz.co.nz/leadership/

  9. Great news.

    TVNZ are finally finished.

    Silly daft feeble-minded cowardly indoctrinated communist fools.

    Good luck queuing at the food bank.

  10. TVNZ?
    Where’s the NZ part?
    Groomerican pap wall to wall.
    Wheres OUR people on OUR tv?
    Wheres OUR stories?
    Where’s OUR music and OUR musicians?
    Where’s OUR talent?
    Our whole entertainment industry is overrun by psyop pop and corporate grooming.
    It’s weaponised psychological manipulation.
    Programming the mass.
    I have been utterly disgusted by this infestation of garbage being pumped into our peoples heads, training them to be dumb and narcissistic.
    Normalising the abnormal to achieve corporate goals.
    Not our people.
    Our art and our artists have been totally debased. Undermined by monied saboteurs.
    Our culture has been smothered in a tsunami of foreign muck designed to streamline the market into a homogenous mass.
    This is all known agenda now.
    This TVNZ mob is criminal.
    Complicit in democide and mass manipulation.
    Peddling false news and misinformation.
    They are guilty and never to be trusted ever again.
    Either we take it back or take it down.

  11. Who would have thought people don’t want to watch propaganda, how amazing! Oh don’t fret One Views, the useless political plonkers you prop up, will rush to the rescue with handfuls of someone else’s hard earned money…..

    After all, increasingly you are all they have left……..

  12. Cool.

    See ya later TVNZ.

    TVNZ are simply a bunch of lying evil woke retarded indoctrinated moronic communist cretinous fools.

    What goes around come around. You reap what you sow.

  13. ‘”…cited a challenging economic environment and a tough advertising market as key factors…”
    Only the residual devotees of the 6pm News, the ‘groomed’ NPC automata will reflexively bow to that kraptitude.
    In reality, the writing is scrawled in scoured etching on the wall. Time-up for the over-paid pecksniffian legacy media whose societal worth is interestingly less valuable than a dead maggot but revealingly, quite priceless to the kakistocratic globalist vassals of the body politic and their corporate opportunists.

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