Go offline with the Player FM app!
Nicola Willis: Finance Minister says the Government isn't working on a salvation plan for the media industry
Manage episode 412715747 series 2098285
The Finance Minister says there is no plan to "save" major media outlets in their current form.
Newshub staff have been summoned to a meeting today about an "important business update", after learning last week that the news service will close with the loss of 300 jobs.
TVNZ has also announced significant cuts including the end of its Fair Go and Sunday programmes.
Nicola Willis told Mike Hosking that while Media Minister Melissa Lee is looking into the issue, she isn't working on a salvation plan.
She says the Government isn't going to come in on a white horse and rescue the media industry.
Willis says the challenges facing the media industry go right to the digitisation of the way people are receiving news.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
4689 episodes
Manage episode 412715747 series 2098285
The Finance Minister says there is no plan to "save" major media outlets in their current form.
Newshub staff have been summoned to a meeting today about an "important business update", after learning last week that the news service will close with the loss of 300 jobs.
TVNZ has also announced significant cuts including the end of its Fair Go and Sunday programmes.
Nicola Willis told Mike Hosking that while Media Minister Melissa Lee is looking into the issue, she isn't working on a salvation plan.
She says the Government isn't going to come in on a white horse and rescue the media industry.
Willis says the challenges facing the media industry go right to the digitisation of the way people are receiving news.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
4689 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.