So, TVNZ is a reasonably profitable operation, and returns a bit of dosh to the Government. The disaster that was TiVO and its champion Rick Ellis are gone. Plenty of money-conscious journeymen people its management ranks.
It's a different organisation altogether from the days I was working there, when big spending, risky hiring and a kind of Sodom and Gomorrah attitude pervaded the place. From the austere strictures of the Herald newsroom, where a coffee charged to the company would have you explaining yourself to the finance department in perpetuity, to TVNZ, where you got handed a company credit card with your welcome pack - way-hay!
But as TVNZ has become more corporatised, the case for government owning this resource has become even thinner. There is nothing "public service" about it, particularly. It turns a profit, but not one that makes a huge difference to the public coffers. It runs local content, but only in primetime if is guaranteed to get an audience (and drive advertising revenue).
It is unshackled from the demands of the waffly Charter. And perhaps, most importantly, the underlying fundamentals of the business are good, which means it might attract a buyer.
The ongoing dispute between TV One programmers and Coronation Street fans is an example of why TVNZ should give up any remaining pretence of being anything other than a commercial animal. Coro fans are the backbone, the heartland of TV One viewing. They are stuck there, with no choice but to follow the programme as it is shunted about the viewing schedule by programmers who believe it all too uncool. The audience - those at home and possibly those most reliant on television for entertainment - just aren't sexy enough for the advertisers TVNZ covets, so inanities such as Come Dine with Me and Three Other Weirdos are jammed into Coro time to see if they will do any better.
It's cruel and perverse. Even merchant bankers and private equity firms couldn't possibly be more unfeeling.
* Illustration by Anna Crichton: illustrator@annacrichton.com