Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
NZME Limited (NZX: NZM), the publisher of NZ Herald and BusinessDesk, reported earnings of $54.2 million for 2024, aligning with its forecasted range of $53 million to $55 million. However, the company recorded a post-tax loss of $16 million due to a $24 million non-cash impairment of intangible assets. NZME is considering spinning off its property brand, OneRoof, into a standalone business. Looking ahead, the company expects a stronger 2025, with projected advertising revenue growth of 4% in the first quarter.
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