In an interview with BusinessDesk, Broadcasting Minister Kris Faafoi said that, while a “lot of shifting sands” of the past year had somewhat settled in the media business, the outlook for TVNZ in its current form was not rosy.
Advertising revenue fell by half during the March lockdown but NZME still reported a profit.
In statements late on Tuesday, Facebook and Australian Treasurer Josh Frydenberg buried the hatchet somewhere other than each other’s back.
Facebook showed just how big power works by unilaterally closing its platform to news in Australia.