Government’s RNZ and TVNZ letters reveal financial strain

Government’s RNZ and TVNZ letters reveal financial strain
(Image: NZME)
Daniel Dunkley
Newly published letters from the outgoing government to Radio New Zealand and TVNZ have revealed the extent of the financial challenges facing the two public media groups.Letters outlining the Labour government’s expectations for RNZ and TVNZ for the 2023/24 fiscal year, written by the outgoing broadcasting and media minister Willie Jackson and published by Treasury, underline a tough outlook for the public media entities.RNZ has forecast a “significant deficit” for the 2022/23 financial year, according to a letter from J...

More Media

BusinessDesk appoints Jaime Lyth
News in Brief

BusinessDesk appoints Jaime Lyth

BusinessDesk continues to grow. 

Staff reporters 05 Nov 2025
Trade Me parent company appoints Owen Wilson as director
Finance

Trade Me parent company appoints Owen Wilson as director

Wilson was CE of $A30b Australian digital-property company Rea Group Ltd.

Staff reporters 04 Nov 2025
TVNZ’s new chair is a no-nonsense corporate dealmaker
News in Brief

TVNZ’s new chair is a no-nonsense corporate dealmaker

One of New Zealand’s most respected corporate dealmakers has been appointed chairman of TVNZ – the Government’s biggest move yet in the shake-up of the public broadcaster’s board and operation.Retiring Goldman Sachs NZ managing director and chief executive Andrew Barclay will rep...

Staff reporters 30 Sep 2025
Jim Grenon acquires more NZME shares
Markets

Jim Grenon acquires more NZME shares

NZME director Jim Grenon has acquired another one million NZME shares, according to a new NZX notice, and is moving closer to becoming the company’s biggest shareholder.The businessman now holds 34,694,802 shares of the media business, which owns the NZ Herald, representing a sta...

Staff reporters 26 Sep 2025