COMMENT: The big question in media circles right now is what the Government is going to do to TVNZ and to save the media industry.
The two are connected. TVNZ expects to lose $17 million this year, and once they start losing money there is no way back. MediaWorks, which owns things like Three, already lose money. Most people in the media lose money.
My employer NZME doesn't, this place is still profitable. And I could launch quite the lecture about profitability, giving the audience what they want, and the key to success and profit, but that's maybe for another day.
Some of the thinking, and this was seemingly confirmed by Prime Minister Jacinda Ardern yesterday, is to make TVNZ 1 commercial-free. They would be turned into, what the pointy heads call, a 'public broadcaster'. That's where you provide a more diverse series of products designed to reflect the broad interests of the population.
This would be good for MediaWorks, which would presumably be able to grab some of the millions in advertising dollars that would no longer go to TVNZ 1.