TVNZ is to become a crown-owned company so that it can focus on meeting its obligations as a public broadcaster.
At the moment TVNZ is a state-owned enterprise with its performance measured in terms of profit.
A new piece of legislation will be introduced to establish TVNZ as a crown-owned company which allows it to have both social and commercial objectives.
Transmission company Broadcast Communications Ltd and TVNZ Australia will be kept as separate companies within the TVNZ group, but this arrangement will be reviewed in two years.
Minister of Broadcasting Marian Hobbs anticipated legislation to establish the crown company would be passed to enable the charter to take effect from July 1 next year.
TVNZ to become crown-owned company
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