INDEPENDENT NEWS

TVNZ Must Pay Dividend to Level TV Playing Field

Published: Fri 18 Oct 2019 11:35 AM
“Today is a very sad day for media and democracy in New Zealand,” says ACT Leader David Seymour.
“For years MediaWorks have warned that a media market skewed by the Government’s ownership of TVNZ would force independent commercial media to pull out of television broadcasting.
“They weren’t bluffing. Today, MediaWorks announced Three is on the chopping block.
“TVNZ’s Government ownership has placed MediaWorks at a severe disadvantage. Any normal private business must pay dividends to their shareholders, as MediaWorks has, but TVNZ is not under the same commercial pressure to be profitable.
“Government intervention is pushing competitors out of business and endangering the media landscape in New Zealand.
“We need free and competitive media providing New Zealanders with news but we’re now staring down the barrel of only government-owned TV.”
“New Zealanders should never be in the position where their only source of media broadcasts about political news are from Government-owned media.
“If MediaWorks finds a buyer for Three, there must be a level playing field. TVNZ must pay a dividend like any buyer of Three would expect.”
ends

Next in New Zealand politics

Government To Regulate Vaping
By: New Zealand Government
On The Political Donations Scandals
By: Gordon Campbell
New Zealand: Housing Crisis Requires Bold Human Rights Response, Says UN Expert
By: UN Special Rapporteur
National’s Economic Plan For 2020 And Beyond
By: New Zealand National Party
Right To Regulate Vaping But Wrong To Limit Flavours
By: Vaping Trade Association of New Zealand
Vapers Welcome Risk Proportionate Regulation On Vaping
By: Aotearoa Vapers Community Advocacy
Vaping Crackdown Bill Needs Improvement
By: New Zealand Taxpayers' Union
Pacific Communities Will Benefit From Vaping Bill
By: Tala Pasifika
Vaping Crackdown Condemns Another Generation To Smoking
By: ACT New Zealand
ASH Welcomes Vaping Legislation
By: ASH
Ka Pai To Vaping Bill Announcement - Now It’s Time To Work Together
By: Hapai Te Hauora
Cancer Society Responds To Proposed Vaping Regulations
By: Cancer Society
Statement Of Jami-lee Ross - "Spoke Up Now Set Up"
By: Jami-Lee Ross
Foreign donation loophole still wide open
By: Jami-Lee Ross
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media