ANALYSIS: A year ago TVNZ laid out an ambitious three-year plan to future-proof itself by investing heavily in local programming and continuing to build up its free-to-watch streaming service – TVNZ OnDemand. Lynn Grieveson/Newsroom The loss for TVNZ this year comes in at $25.8 million. CEO Kevin Kenrick and the TVNZ board convinced government ministers that the Crown should forgo its dividend during this period. Kenrick indicated that TVNZ would have net losses of $17 million to $20 million a year while remaining profitable at “operational earnings level”. The last three months we were down 25 per cent.”Lawrence Smith/Stuff TVNZ CEO Kevin Kenrick at the Auckland TVNZ studios.

Source: Stuff August 25, 2020 20:26 UTC