In a three-part series, Glen Kyne joins The Fold’s Duncan Greive to dig into the results of New Zealand’s Big Three media companies.

In the first of a three-part series analysing the results of New Zealand’s Big Three media companies (or those that release their results, anyway), we dig into NZME’s 2024 results and some quietly impactful future plans. These include a potential sale of One Roof, shedding writers to launch a new TV-like news “channel” and a mysterious new owner who just bought almost a tenth of the business’s shares.

As the state broadcaster, TVNZ has many huge advantages, but remains hamstrung by the lack of audience revenue – newish CEO Jodi O’Donnell is very keen to change that. The loss of cricket was a bitter blow, but after a brutal year, these results contain a lot to be proud of for O’Donnell.

2024 saw some impressive results for Sky. And after weeks of bad headlines driven by a failing satellite and seemingly stalled negotiations with NZ Rugby, news it has won back the rights to home cricket internationals was welcome. We dig deep into the results and report on background conversations with NZ Rugby and Sky to suggest that DAZN’s presence in the negotiation is likely not nearly as worrying as it looks.

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