NZME announced earnings results for the six months ended June 2016. For the period, the company said its earnings before interest, tax, depreciation and amortization came to $32.5 million, up a touch from $32.4 million in the previous corresponding period last year. Revenue, which fell by 7.9% to $197.8 million in the half year, was impacted by a tough advertising market, especially in the first quarter, and the closure of the unprofitable Pacific Magazines licensed business in September last year. The company's statutory net profit after tax came to $60.8 million compared to $21.9 million in first half, impacted by tax and gain on sale of an interest in the Australian Radio business. NZME's reported loss from ordinary activities after tax was $64.3 million compared to a loss of $6 million in the comparative period last year.