Anyone whose interested.
Solid Half Year for TVNZ - 4 May 2005
TVNZ has reported a net surplus after tax of $30.7 million for the half year to December 2004 in its Interim Report, released today.
This is an increase of $3.1 million, or 11%, over last year's result for the comparable period.
Chairman of the Board, Craig Boyce, said the result was positive, both in terms of TVNZ's financial performance and its journey towards fulfilling the TVNZ Charter as New Zealand's television public broadcaster.
"In the small New Zealand market, we must continue to succeed commercially in order to underwrite our programme of action as a public broadcaster," he said.
"The competitive terrain in which TVNZ operates is more challenging now than at any time in the past, particularly in the evening news and current affairs slot. TVNZ is performing strongly in the face of this challenge."
Programming highlights for the half year included the highly successful broadcast of the Olympic Games, the important public service live broadcast of The Tomb of the Unknown Warrior, and the launch of the New Zealand Festival documentary series which brought to public attention the contribution of remarkable New Zealanders such as Colin McCahon, Janet Frame, and David Lange.
This year's Interim Report also offers a new format for publicly accounting for public money spent delivering the TVNZ Charter. All programmes that went to air during the six months and were produced with the assistance of Charter-specific Government funding are listed in a special table, giving the dollar value and the year funding was approved.
Craig Boyce said the record advertising market growth which supported the half-years excellent result was showing signs of levelling off.
"Despite this we remain confident for the future and look forward to continuing the progress made in establishing a uniquely New Zealand approach to television Public Broadcasting."
The 2005 Interim Report can be downloaded at: http://corporate.tvnz.co.nz