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TVNZ posts profit as revenue dips

New Zealand broadcaster TVNZ has posted an NZ$14.4 million profit despite revenue crashing nearly NZ$20 million. Compared with 2012, the figure for the year to June 30, 2013, saw total operating revenue down NZ$19.7 million, which TVNZ said reflected the absence of government funding for public channel TVNZ 7. However, an NZ$18.1 reduction in operating […]