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NZME (ASX:NZM), New Zealand's media group, has been held by Spheria Asset Management as a beneficiary of improving local economic conditions. In September 2024, Spheria reported NZME's shares rose 13% as the market became more positive on New Zealand companies after the Reserve Bank of New Zealand's surprise interest rate cut, noting the company continues to deliver on its strategy. In June 2024, Spheria noted an 8% rise despite a full-year result showing revenue down 5% amid a challenging advertising market. NZME operates in the Communication Services sector within the Media industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Spheria Asset Management. Founded in 2001 and headquartered in Auckland, NZME operates radio stations, including Newstalk ZB and ZM, the New Zealand Herald and the OneRoof property platform, earning revenue from advertising, subscriptions and real estate listings.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Spheria Asset Management have invested in NZME Ltd (ASX:NZM).
Spheria highlights NZME's leverage to improving New Zealand economic conditions following interest rate cuts, continued execution of its strategy and growth in its OneRoof property platform.
Spheria notes a challenging advertising market drove a 5% revenue decline, showing NZME's exposure to cyclical advertising spending.
NZME Ltd. is a New Zealand-based media company headquartered in Auckland, founded on December 20, 2001. The company operates through three primary segments: Audio, Publishing, and OneRoof. The Audio segment manages terrestrial radio stations, iHeartRadio, podcasts, and radio brand websites. The Publishing segment delivers print publications and digital news platforms. The OneRoof segment focuses on real estate print publications. NZME’s diversified portfolio encompasses publishing, audio, digital, events, and commercial printing services.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.