MediaWorks to buy more local TV shows as CBS rights expire

Thu, 31 May 2012

By Paul McBeth June 01 (BusinessDesk) - MediaWorks NZ, the private-equity owned broadcaster, plans to spend more on local television programmes as it winds down its deal with CBS Broadcasting and stops taking new shows from the most-watched network in the US. The Auckland-based media company, whose stable includes TV channels TV3 and Four, and radio stations including the Rock, MoreFM, won't renew its output deal with CBS for new shows when it expires at the end of the year. Instead, it will use cash to buy local programmes as its existing C...

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