TVNZ will need Crown support if revenue keeps shrinking, Treasury says

Fri, 10 Nov 2017

By Paul McBeth Nov. 10 (BusinessDesk) - The Treasury advised the previous administration to think deeply about its ownership of commercial broadcaster Television New Zealand, which will need a Crown lifeline if the collapse in advertising revenue continues. Officials put a report back in front of ministers in February this year after a scheduled meeting with TVNZ's chief executive and chair didn't go ahead, saying if the broadcaster's revenues continue to fall Crown support will be needed to keep it operating, something that could happen...

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