INDEPENDENT NEWS

TVNZ A Fiscal Basketcase?

Published: Thu 15 Jun 2000 09:11 AM
Thursday 15th Jun 2000
Penny Webster
Media Release -- Other
Today’s Budget Broadcasting allocations will reveal if TVNZ is to become a fiscal basketcase, said ACT Broadcasting spokesman Penny Webster. “The benchmark for Marion Hobbs’ Ministerial performance will be the future she assures TVNZ. If local culture is as important as Ms Hobbs believes it should be unambiguously reflected in the budget. “The book value assigned to TVNZ will be the key indicator. When Marion Hobbs decided to pull the plug on digital television many commentators speculated TVNZ’s value would plummet. The extent of this slump will signal the real cost to taxpayers of Government’s technophobia. “The explosion in New Zealand’s television market has seen technological revolutions aplenty. Sky television now offers six Asian entertainment channels, a new music channel and announced this week that Internet on your television will be a reality in six months. “The only other viable option is to downgrade to a Public Service announcements system, though this will also require immediate action to safeguard taxpayer investment. “Decisive action is needed from Marion Hobbs now, continued flip-flops will guarantee TVNZ’s demise ,” said Penny Webster.
For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

Next in New Zealand politics

Canterbury Spotted Skink In Serious Trouble
By: Department of Conservation
Oranga Tamariki Cuts Commit Tamariki To State Abuse
By: Te Pati Maori
Inflation Data Shows Need For A Plan On Climate And Population
By: New Zealand Council of Trade Unions
Annual Inflation At 4.0 Percent
By: Statistics New Zealand
West Coast Swim Spot Testing Clear Of E-coli
By: Brendon McMahon - Local Democracy Reporter
Government Throws Coal On The Climate Crisis Fire
By: Green Party
View as: DESKTOP | MOBILE © Scoop Media