Media company NZME has reported a net profit of 11.6 million dollars - and says it will launch an online paywall in the second quarter of this year
Media company NZME has reported a net profit of 11.6 million dollars - and says it will launch an online paywall in the second quarter of this year
19 February 2019
The company, which owns amongst others Newstalk ZB, the Herald and One Roof., says its profit reflects a modest decline in revenue,and investment in growth businesses.
The company has not yet released details of its paywall, including how much it will charge..
However it has confirmed it will adopt the "freemium" model.
That's where day-to-day news and current affairs is provided free of charge while in-depth analysis and opinion is behind the paywall.
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