Regional Media Firm Enters Administration Amid Financial Struggles

Integrity Community Media, a regional media firm based in Dargaville, Northland, has entered voluntary administration, leaving its future uncertain. The company, which publishes four monthly farming lifestyle titles and a weekly community newspaper, now faces significant financial challenges. More than 20 jobs are at risk as the administrators assess debts totaling approximately $650,000, primarily owed to the Inland Revenue Department (IRD).

The firm is known for its publications, including the Kaipara Lifestyler, Northern Farming Lifestyles, Waikato Farming Lifestyles, Taranaki Farming Lifestyles, and Manawatu Farming Lifestyles. Despite the serious financial situation, there remains a glimmer of hope among staff. One source within the company described the circumstances as “a s*** sandwich, and there’s no butter,” highlighting the difficult position employees find themselves in.

While the firm is currently facing administration, reports indicate that it continues to generate profit. Managers are exploring options to sell parts or the entirety of the business as a going concern, which could potentially lead to a rescue deal. The administrators are working diligently to navigate through the company’s financial obligations, which include not only debts to the IRD but also outstanding holiday pay owed to employees.

Staff members remain cautiously optimistic as discussions unfold regarding the possibility of a rescue package. The outcome of these efforts will determine the future of the firm and its employees. Should a successful sale occur, it could preserve jobs and continue the legacy of local journalism that has been a staple in the community.

The situation at Integrity Community Media serves as a reminder of the challenges faced by regional media outlets in a rapidly changing financial landscape. As digital platforms increasingly dominate the media space, many traditional publishers are struggling to maintain profitability while delivering quality content to their audiences.

The coming weeks will be crucial as administrators work to resolve the financial issues at hand. The hope is that through strategic negotiations and community support, Integrity Community Media can emerge from administration and continue its important role in serving the local community.