Inspiring New Zealanders on Every Screen - Tvnz

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04 / TVNZ ANNUAL REPORT FY2009Chairman’s Introduction“TVNZ responded tothe change in marketconditions swiftly...”
05 / TVNZ ANNUAL REPORT FY2009TVNZ has concluded the year in profitdespite the most challenging marketconditions in the industry’s history.For the first half of the yearTVNZ’s revenues were trackingahead of the prior year.But like other advertising-reliantmedia in <strong>New</strong> Zealand, TVNZsuffered heavy year on year revenuedeclines from the beginning of 2009as the impact of the recession onour clients’ businesses took hold.TVNZ responded to the changein market conditions swiftly withcost reduction initiatives.Much of the credit for the company’squick and effective response tothe recession must go to TVNZmanagement and staff.The company finished the year withan EBIT of $10.1 million, and a netprofit after tax of $2.1 million. TheBoard has approved a shareholderdividend of $1.47 million.The changes occurring in the mediaindustry are accelerating. As aresult the Board has endorsed arevised strategy developed by theExecutive to transform the companyfrom a Television Broadcaster to<strong>New</strong> Zealand’s leading Televisionand Digital Media company.The vision of “<strong>Inspiring</strong> <strong>New</strong><strong>Zealanders</strong> on every screen”remains, but with an even strongerfocus on providing viewers, consumersand customers with the contentand services they want and expectfrom the nation’s leading Televisionand Digital Media company.E Tātaringa a te ManukuraKua oti pai te tau a TVNZ me te whaihua anō ahakoa nga uauatanga pakihiki nga maharatanga o te tangata.He tino pai te āhua o te tahua putumo te wāhanga tuatahi o te tau, irunga noa atu i to te tau i mua.Engari ko te tino rerekētanga ki etahiatu pakihi pāpāho o te motu, he kahate hekenga mai i nga tau i o mua tata ite pokiatanga mai o te whakahekengao nga rawa a o matou kaihoko rato.He tere te whakautu a teneirōpu mahi ki te hekenga, i kiteawawe nei te whakamāmā i ngataumahatanga o nga utu ki a mātou.E tika āna kia rere nga whakapai ki tetere me te hāngai o taua whakautu kite Runanga Urungi me te hunga mahi.I te mutunga o te tau, i mua i te whaitakunga, $10.1 miriona te tahua i kohiaa, i muri mai, $2.1 miriona. Kua whakaete Runanga Urungi kia $1.47 miriona tehua hei whakarato ki te kawanatanga.Kei te tere te huri o nga tikangapāpāho. Na kōnei i whakaetia ai e tauaRūnanga i runga anō i te whakaaronuka a te Hunga Whakahaere kiawhakaumutia nga mahi whakaata,ki te kōkiri atu ki te taumata o ngawhare pakihi Pāpāho Māmati.Ko te tūtoru anga whakamua hei “TeWhakaaratanga o Aotearoa ki ngaRīanga Whakaata Katoa” ka tū tonu,engari kia hāngai ki nga tikanga ehiahiatia āna e ēra kei te mātaki, kei tehoko i nga rawa, me erā kei te hangārānei i nga hōtaka, kia tū motuhake aihei kōkiri i nga tauira pāpāho māmati.Sir John Anderson - Chairman
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