TVNZ's Seven Sharp programme, which debuted last week, hit rock bottom on Tuesday night when ratings showed TV3 rival Campbell Live was on top.

Hosking cosies up to the PM, Wallace Chapman returns to advertorial, the future of Fairfax's Auckland Now and Maori TV launches a website.

Former Close Up presenter Mark Sainsbury says he holds no resentment against Ross Dagan, who resigned on Tuesday, eight weeks after killing his show and TVNZ career.

Radio New Zealand ceo Peter Cavanagh confirmed today he will be leaving at the end of the year and has apologised for his decision being revealed by NZ Herald.

Rupert Murdoch is back on the front foot but fellow titans the BBC and Facebook yet to recover from own goals.

Self-described contrarian investment firm Allan Gray has emerged as a major player in the media shake-up under way in the Australasian market, writes Fran O'Sullivan.

Fairfax has completed a sell-down of its 51 per cent stake in Trade Me, the online shopping site confirmed this evening.

Trade Me shares are in a trading halt, as announcements confirm Fairfax is selling its 51 per cent stake in the company.

All New Zealand television networks are toning down their shouting commercials in response to viewer complaints, with TVNZ adopting the new standards from Sunday.

Enthusiasm for Paul Henry to liven up current affairs output conjures memories of John Hawkesby fiasco, writes John Drinnan.

"In my opinion, if you relied on free to air television, TV3's local coverage of the US election was better," writes John Drinnan.

A merger of publishing giants Random House and Penguin could lead to large-scale job losses in New Zealand and reduced competition.

Debt-for-equity deal along lines that is keeping Channel 9 on air in Oz is looking more likely for MediaWorks in NZ, writes John Drinnan.

TVNZ is considering killing its flagship current affairs show Sunday next year, having shortened it this year to make room for New Zealand's Got Talent, writes John Drinnan.