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MediaWorks to buy more local TV shows as CBS rights expire
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-base...

NZ first-quarter terms of trade fall as weaker commodity prices weigh on exports
June 01 (BusinessDesk) - New Zealand's terms of trade fell in the first three months of the year as a decline in commodity prices weighed on exports, with dairy prices falling for the third straight quarter even as volumes rose. The terms of trade, which measures how much impor...

Origin Energy agrees to sell TAWN fields to NZ Energy for C$42M plus earnouts
June 01 (BusinessDesk) - Origin Energy agreed to sell its interest in four Taranaki licences to New Zealand Energy Corp, a Canadian-listed oil and gas company for about C$42 million and a share of future royalties. Origin, which also owns half of Contact Energy, will sell its T...