BROADCAST SERVICE
PROFIT OF £10,596 MADE
COMMERCIAL STATIONS
(Parliamentary Reporter.) WELLINGTON, this day. The balance sheet of the National Broadcasting Service, presented to Parliament yesterday shows the accumulated fund at £557,552 of which £101,926 is loaned to the commercial service with interest at the rate of 4 per cent. Out of the revenue of £360,961, expenditure on programmes and programme staff was £122,426. The amount transferred to reserve was £115,905. Four private broadcasting stations were purchased during the year for £4,827, leaving two subsidised by the Government and two operated under contract. The capital expenditure included £29,273 for the Hawke’s Bay transmitting station and the Napier studio, and £23,405 for the Southland station. The sum of £11,514 was expended on the purchase of a Dunedin building whicli will be reconstructed as a studio and office. The commercial radio service shows £10,596 profit for the first time, reducing the total losses to £2,709. The fire at the Christchurch station caused losses of £6,670.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19390825.2.111
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20025, 25 August 1939, Page 11
Word Count
162BROADCAST SERVICE Gisborne Herald, Volume LXVI, Issue 20025, 25 August 1939, Page 11
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in