New Zealand Television Limited Essay - 1177 Words

Overview The estimated equity of New Zealand Television Limited is to be NZ$550 million. The implied share price value with 140 million shares is estimated to be $3.93. The expression of interest to acquire 10% stake of New Zealand Television is approximately $0.55 per share, of which total equity value is $55 million. Background Television New Zealand Limited (TVNZ) is publicly known as Crown-owned national broadcaster in New Zealand and parts of the Pacific region. It was initially created through the merger of TV ONE and TV2 along with The Television New Zealand Act 2003 and a broad of directors appointed by the Minister Broadcasting and the Minister of Finance. TVNZ currently operates five main channels, which are TV ONE, TV2, TV ONE plus, TV2+1 and Kidzone24 respectively, and is owning 44.9% interest in Freeview Limited. High ratio of total equity over total assets and near-zero gearing ratio indicate that TVNZ is heavily funded by equity and low level of debt, generally a small portion of loan and borrowings. With adequate equity, TVNZ is expanding through transmissions of programmes and integrated advertising opportunities. They relinquished its stake in both Hybrid Television Services and Igloo and is now paying more attention on TVNZ OnDemand as a new platform for launching more innovative service in the future. TVNZ gains 95% of their revenue coming from commercial activity – mainly advertising. Another approximately 5% of their revenue, earned from governmentShow MoreRelatedPorter s Five Forces Analysis On New Zealand Cinema Industry1208 Words   |  5 PagesPorter s five forces analysis on New Zealand Cinema Industry New Zealand cinema industry can be referred as the production, post production, film distribution and film exhibition (Ministry of Economic Development, 2012). 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