TVNZ, Sky TV to wait up to 6 years for Igloo to breakeven, state broadcaster says

Tue, 02 Apr 2013

By Paul McBeth April 3 (BusinessDesk) - Television New Zealand and Sky Network Television may have to wait up to six years before their Igloo budget pay-TV service gets into the black, according to the state-owned broadcaster. The Auckland-based broadcaster doesn't have any specific sales targets for the first 12 months, and Igloo will take "a number of years to build a subscriber base and to reach a breakeven position," TVNZ said in a written answer to Parliament's commerce select committee. "We recognise it could (be) anywhere between 4-...

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