State-owned broadcaster TVNZ has revealed an after-tax profit for the past year of $2.1 million - a near 90 per cent fall on the previous year.
The company will pay its Government shareholder a $1.47 million dividend.
Chief executive Rick Ellis said the operating environment for the financial year was "one of the most challenging in history" for advertising-reliant media.
How should TVNZ solve its budget problems? Here is the latest selection of Your Views:
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