Latest news with #MichaelBoggs
Associated Press
17-07-2025
- Politics
- Associated Press
Gov. Kemp appoints Court of Appeals Judge Benjamin Land to the Georgia Supreme Court
The Nathan Deal Judicial Center, home of Georgia's Supreme Court and Court of Appeals, is seen on May, 1, 2024, in Atlanta. (AP Photo/Kate Brumback, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] ATLANTA (AP) — Georgia's governor on Thursday announced the appointment of a new justice to fill a vacant seat on the state's highest court. Gov. Brian Kemp said Georgia Court of Appeals Judge Benjamin Land will fill the spot on the Georgia Supreme Court left by former Chief Justice Michael Boggs, who stepped down at the end of March to return to private practice. Land has served on the state's intermediate appeals court since July 2022 and was previously a superior court judge in the Chattahoochee Judicial Circuit. 'Judge Land has earned the respect of his peers and hardworking Georgians through his commitment to fairness and impartiality, his strong work ethic, and his integrity,' Kemp said in a news release. 'His extensive experience as a former litigator and judge will make him a valuable addition to the Supreme Court as he continues his service to the people of our state.' Before becoming a judge, Land was an attorney in private practice in Columbus for about 26 years who specialized in complex civil litigation. He has also served in numerous community organizations. A 'double dawg,' he earned both an undergraduate degree and a law degree from the University of Georgia. Supreme Court Chief Justice Nels Peterson welcomed Land. 'His background and experience, including years as a state appellate judge, trial court judge, and litigator, position him well to serve on the state's highest court,' Peterson said in a statement. 'My fellow Justices and I look forward to working with him.'
Scoop
22-05-2025
- Business
- Scoop
Radio Listening Tops 3.5M Weekly Listeners
Friday, 23 May 2025, 10:53 am Press Release: GfK Radio The latest GfK Commercial Radio Survey audience data released today by the NZ Commercial Radio Industry shows radio listening in 2025 is maintaining its stability and building upon the success achieved in 2024. Total weekly reach has increased by 2%, with a phenomenal 3.5 million weekly listeners reported for just the second time ever. The Radio Bureau CEO, Alistair Jamison says: 'What a cracking way to start the year. The first survey of 2025 shows growth in weekly listeners, growth in daily listeners, growth in time spent listening and growth in average audience. More people listening, more often and for longer has to be great for advertisers.' Michael Boggs, NZME Chief Executive Officer says: "What we're witnessing in audio audience growth across many global markets is mirrored here in New Zealand. When great content reaches listeners on their terms, across any device they choose, it creates a powerful connection, which is compelling for advertisers. These results are a testament to audio's enduring and evolving relevance in people's lives." Chief Executive Officer of MediaWorks, Wendy Palmer adds: 'Three quarters of NZ continue to listen to commercial radio each week and this is in-part due to the continued growth in accessibility of our content. Device based listening has grown 7.7% since last year, with over 900,000 Kiwis listening on a device each week.' Alistair Jamison says: 'As an industry we are very positive about 2025. Our audience delivery has been rock solid, engagement with audio is high with well over 15 hours listening per week and our footprint continues to grow across devices. Importantly advertisers are increasingly recognising this, with SMI reported revenue up 15% in Q4 2024 and 18% in Q1 2025.' Jamison concludes: Building on this momentum, in mid-June we will release an updated Infinite Dial research study , as well as some powerful case studies demonstrating audio's impact. I encourage people to look out for these valuable insights to show how advertisers can effectively harness the power of audio to drive business growth.' Growth from Knowledge. Over the past 50 years radio and its audiences have changed beyond recognition, and in that time we have been at the forefront of measuring the medium to provide the currency for this dynamic industry. Whether public or commercial radio stations, advertisers or their agencies, what hasn't changed in half a century is the need for robust, reliable and gold standard audience metrics to support advertising. We are true pioneers of radio audience measurement, and we provide many different solutions for capturing listening behaviour in and outside the home. GfK operates Media Measurement projects in over 25 countries globally and our cutting-edge hybrid measurement system allows listening to be captured from multiple data sources, to truly build a 360°understanding of people's media consumption behaviour. GfK drives 'Growth from Knowledge'. © Scoop Media
Yahoo
17-05-2025
- Business
- Yahoo
Institutional investors own a significant stake of 45% in NZME Limited (NZSE:NZM)
Given the large stake in the stock by institutions, NZME's stock price might be vulnerable to their trading decisions The top 6 shareholders own 54% of the company Insiders have been buying lately We've discovered 1 warning sign about NZME. View them for free. To get a sense of who is truly in control of NZME Limited (NZSE:NZM), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 45% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's delve deeper into each type of owner of NZME, beginning with the chart below. Check out our latest analysis for NZME Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. NZME already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at NZME's earnings history below. Of course, the future is what really matters. Our data indicates that hedge funds own 6.5% of NZME. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. The company's largest shareholder is Spheria Asset Management Pty Ltd, with ownership of 19%. For context, the second largest shareholder holds about 11% of the shares outstanding, followed by an ownership of 9.3% by the third-largest shareholder. Additionally, the company's CEO Michael Boggs directly holds 1.6% of the total shares outstanding. On further inspection, we found that more than half the company's shares are owned by the top 6 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of NZME Limited. Insiders have a NZ$25m stake in this NZ$217m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. The general public-- including retail investors -- own 34% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand NZME better, we need to consider many other factors. For instance, we've identified 1 warning sign for NZME that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
NZ Autocar
09-05-2025
- Automotive
- NZ Autocar
Gumtree to make NZ appearance through NZME deal?
Australian listings operator Gumtree wants to bring its Carsguide brand to New Zealand, partnering with NZME. AutoTalk says the pair announced the signing of a memorandum of understanding (MOU) aimed at leveraging Gumtree's existing automotive brands and its technology platform. It is unclear which brands (of Gumtree Cars, Carsguide, and Autotrader) will make it to New Zealand. AutoTrader here operates under the majority ownership of Optimus Group. NZME Chief Executive, Michael Boggs, said the automotive listings market in New Zealand is worth $125.3 million annually. It is currently dominated by Trade Me. Boggs said this is an opportunity for NZME. He added that automotive dealers had expressed interest in increased competition. 'The new marketplace would capitalise on NZME's extensive audience reach and Gumtree's technology, providing an attractive alternative for dealers and consumers alike,' Boggs said. The partnership, initiated by Gumtree Group last year, also includes a content-sharing arrangement. Under this, NZME's Driven Car Guide will feature selected Carsguide automotive reviews and articles. Advertising revenue will be shared between the two entities. Gumtree Group Managing Director, Tommy Logtenberg, described the partnership as an exciting development, stressing the significant demand for greater competition in New Zealand's online automotive sector. The MOU includes an initial evaluation period investigating marketplace potential before a more formal launch. Trade Me said it is not surprised by NZME's return to the marketplace which it had anticipated. Jeremy Wade, head of motors at Trade Me commented: 'Our focus will continue to be on doing what we do best—driving value for our dealers to help them be more successful through our data and insights products, and increasing our audience reach.'
RNZ News
08-05-2025
- Automotive
- RNZ News
NZME teams up with Aussie company to start new motor marketplace
Gumtree group managing director Tommy Logtenberg said the partnership was an exciting opportunity. Photo: 123RF Media company NZME is looking to develop a competing online marketplace for New Zealand's automotive industry in association with Australian online marketplace Gumtree Group. NZME chief executive Michael Boggs said the automotive listings market brought in an estimated $125.3 million in annual revenue, but was currently dominated by a single player. "We see this as an opportunity for NZME to be a strong competitor in this market, securing share to further grow our business," he said. "Automotive dealers have been clear with us about the need for a competitive marketplace that offers choice and value and our success in doing that with our OneRoof real estate platform demonstrates our ability to compete strongly in well-established markets." Boggs said Gumtree Cars, Carsguide and Autotrader were strong Gumtree brands. "Gumtree approached NZME last year, following an introduction by NZME shareholder Roger Colman, with a compelling proposal to build an automotive marketplace. "The marketplace would leverage NZME's substantial audience and omnichannel media reach and Gumtree's proven technology platform, seeing us deliver a strong alternative to benefit both automotive dealers and consumers." He said the two companies had signed a memorandum of understanding (MOU) and also entered into a content sharing partnership whereby NZME's Driven Car Guide would publish selected Carsguide automotive reviews and articles, with advertising revenue shared between the parties. Michael Boggs. Photo: Supplied/NZME "The partnership also allows for reselling Gumtree's digital advertising inventory to New Zealand audiences through NZME's multi platform offering." Gumtree group managing director Tommy Logtenberg said the partnership was an exciting opportunity, with a significant need for competition in the New Zealand's online automotive market The MOU outlined a two-phased approach to evaluate and then potentially launch the new venture. Boggs said a new automotive marketplace in New Zealand aligned with NZME's strategic direction following the continued success and growth of its property platform, OneRoof. "As one of the largest marketplaces for classified advertising, the automotive market represents a significant opportunity. We're excited to further build on our proven success with OneRoof by exploring verticals that create value for shareholders and serve the needs of consumers." Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
