BRIEF: NZ Newshub closure a shock to the system - Venture Insights

BRIEF: NZ Newshub closure a shock to the system

TLDR version: The announcement this week of the closure of Discovery’s Newshub newsroom in New Zealand is a stark consequence of global online media eroding free-to-air TV viewing and of digital advertisers competing for advertising revenue. These forces have drained the funds previously used to support TV news & current affairs programming that only the FTA sector provides, something that policy-makers cannot view with indifference. As a smaller market, New Zealand was more vulnerable to this kind of collapse, but there is still an opportunity for Australia to avoid the same fate.

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