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Hi I'm free to ask about can and

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I'm always hearing and we're back for season

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two. About New Zealand here: Podcast the little

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covering barren out with brain fit coach Jude.

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Walter. How To Keep Your Body

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My bar with a fabulous Juliet star.

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the little things are I hot Radio

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were either you get your podcasts. Yoda!

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I'm Chelsea Daniels and this is

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a bonus episode of The Front

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Page, a daily podcast presented by

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the New Zealand Herald. News.

1:01

Hub. The News brand under three

1:04

is due to close in June.

1:06

The shocking news was delivered to

1:08

Starve earlier today, with many of

1:10

them now expected to lose their

1:13

jobs. So what led to the

1:15

end of a News brand that

1:17

has been around in various forms

1:19

since Nineteen Eighty Nine and does

1:22

speak to a broader worry about

1:24

the local industry? Today on the

1:26

front page, Media Insider and Editor

1:28

at Large Shane Carried joins us

1:31

to discuss. The tragic end

1:33

of another major news

1:35

giant. Chain.

1:40

Out of the blue is this

1:42

announcement. The actual announcement is shocking

1:44

and surprising, but the writing had

1:46

been on the wall for some

1:48

time. The New Zealand media companies

1:50

generally and not just use Hub

1:53

and not just Warner Brothers. Discovery,

1:55

had been warning of the challenging

1:57

economic headwinds listen to weeks ago

1:59

and fact. Warner Brothers discovery was

2:01

before the Select committee in parliament, absolutely

2:03

talking about the importance of media plurality

2:05

and supporting their see a digital news

2:07

bargaining boeheim but unfortunately high end would

2:10

receiving out light on Tuesday night that

2:12

there was to be a big meeting

2:14

at News Have on Wednesday morning I

2:16

put up very early just says what

2:18

defines and with the on Wednesday and

2:20

it was clear that while there was

2:23

a staff meeting scheduled for a living

2:25

many people sort of was just a

2:27

regular town Hall meetings. A staff update

2:29

the big boss. From a Peck was

2:31

in town but it was an hour

2:33

to guide the for that meeting rent

2:35

in a clocks see invitation changed in

2:37

the language became a lot more serious

2:39

as hit. Everyone had to be at

2:42

the meeting and that the future's unfortunately

2:44

we're likely to be impacted. Is

2:46

a surprising that the getting rid of it

2:48

altogether and not just doing a full racetrack.

2:50

Sharon I guess having is some kind of

2:52

skeleton crew keeping that. Newsroom going in the

2:54

dice to com or hear more about some

2:57

of the packages. I guess with I looked

2:59

at and the last few weeks and months

3:01

it was interesting blink kind didn't actually appear

3:03

himself before the select committee. Two weeks ago

3:06

he was in a board meeting himself and

3:08

I suspect that many weeks now the executives

3:10

have been scrambling to you know, uncover out

3:13

risky package, perhaps talking to other local media

3:15

companies about what they could do that through.

3:17

Remember Ah, the stuff. situations. What? For years

3:19

ago, anguish and I betcha bought stuff One

3:22

dollar from that. the to striding. Parent company

3:24

at that time. so with a situations

3:26

like that or scenarios like that where

3:28

it sport will find out or for

3:30

sure in the coming days but certainly

3:32

it's very shocking that you know Sudden

3:34

closure for proposal of June says he

3:36

is as unfolded in the session. At

3:39

once the details of the closure wins

3:41

that has today know how many stuff

3:43

is set to lose their job say

3:45

and will there be any remaining is

3:47

operation. In all so many staff are

3:49

affected. Here side is up to three

3:51

hundred staff that sit to lose their

3:53

jobs and some of those those people

3:55

are s of arab biggest protesting talent

3:57

and you know three which started tv.

4:00

Three started way back in Nineteen Eighty

4:02

Nine as the upstart. You know it's

4:04

always been considered the The Sparky completed

4:06

her against the state broadcaster Tvnz. it

4:08

at Spain responsible for a breeding ground

4:10

for some of our biggest broadcasting name's

4:12

you think of John Campbell, Hillary Barry

4:14

and now Mack, Matt Roberts and some

4:16

it's a high petty Gala Ryan Bridge

4:18

these a huge names and broadcasting and

4:20

some of them have gone on to

4:22

his aside. the state broadcaster and others

4:24

have remained at Tv Series and Meet

4:26

many years but we think up to

4:28

three hundred at this point. That number

4:30

has something concerns I down to consultation

4:33

Nasa two to three weeks final decision.

4:35

I wouldn't expect it to be any

4:37

different from what the what we've had

4:39

to die and that would see Ma'am

4:41

new sub closing up shop from June.

4:43

Thirty seven terms of what is list

4:46

basically entertainment programming from overseas on Tv

4:48

three and and other channels that would

4:50

become a much more digitally focus channel

4:52

that Alinea Tv channels stay for now

4:54

Ovi the future those are uncertain you

4:56

no longer tense but certainly the company

4:59

a signal that. Three now becomes the core

5:01

of it. So offering ain't any New Zealand

5:03

programming with or that's the likes of a

5:05

pity Gowan documentary or or any other news

5:07

shows would have to be funded bunnies and

5:09

on on here in order to get over

5:11

the last. It doesn't mean that I am

5:13

size now as well. It does. So all

5:15

of the main news programming at It is

5:17

going that includes the six o'clock Tv news

5:19

which still draws more than two hundred thousand

5:21

views are not at Stoke yeah, wildly popular.

5:23

The new Brian Bird show that never got

5:25

other blocks are so that was. I'm planning

5:27

and keep getting pushed back and push back.

5:30

Are petty Gala has issues that's

5:32

gone. What will lift west as

5:34

a menu of international reality talk

5:36

shows married of his side, Australia,

5:38

Am, blind date or that kind

5:40

of shows which which some proliferate

5:42

around the digital channels mainly at

5:44

the moment. As

5:47

close. As

5:51

you drive. For

5:55

the gravel or they're just like everybody or

5:58

he said. The

6:00

time and phones are gonna do it

6:02

together and amazing team and events has

6:04

been working very hard the last couple

6:06

months. Something or produce do the same.

6:09

You listen to Forty Three that had

6:11

a history of being am an underdog

6:13

I guess and has been kind of

6:16

Rockies since it's inception of famously nearly

6:18

going under multiple times and has been

6:20

passed around between different owner's wife is

6:22

the channel always kind of struggled to

6:25

make a dent in the market d

6:27

Things. Yeah I'm in Iraq competing

6:29

against ultimately a government owns our state

6:31

broadcaster and Tvnz. While it does operate

6:33

commercially it's a state owned enterprises and

6:36

that nerds competing for commercial dollars as

6:38

much as indeed me and stuff in

6:40

indeed use hub But what david see

6:42

more has raised interesting li this wages

6:45

whether or not the has been an

6:47

an an even playing field fatigue into

6:49

than and hasn't had to return a

6:51

dividend to assign us the taxpayer so

6:54

that given Tvnz to slightly unfair advantage

6:56

in the market. Over Three Summit something

6:58

to be looked at. However, I am

7:00

from not since Nineteen Eighty Nine, my

7:02

certainly Tv series. They know this, the

7:04

scrappy underdog. It's gone through multiple different

7:06

ownerships it's been and it to the

7:08

government had spin and ditto it's private

7:10

owners. It made a thirty five million

7:12

dollar loss and twenty Twenty two that

7:14

followed on from a twenty one million

7:16

dollar loss and Twenty Twenty one See

7:19

can see than an overseas are not

7:21

even in the style of a Warner

7:23

Brothers discovery. Isn't going to want to

7:25

sustain losses like that for too long

7:27

as. Bc a news organization at the bottom of

7:29

the world. The Emissions Adam different

7:31

owners and three is currently owned

7:33

by at a multimedia type Us

7:35

conglomerate Warner Brothers. The Discovery of

7:37

course the same company that produces

7:39

movies like You Said Body and

7:41

they killed off the bat Gail

7:43

maybe I remember. Well after what

7:45

seemed to just attacks raises the

7:47

Israelis an element of risk. I

7:49

guess in these big overseas players

7:51

entering our local marketing kind of

7:54

carrying maybe about their profit margin

7:56

rather than the New Zealand market

7:58

is a house. While they didn't even

8:00

have the Prophet and New Zealand and that

8:02

I guess is the key point at which

8:04

I lost my same situation, they certainly don't

8:06

care about news. News is really expensive to

8:08

produce. Yeah, we've got some of the most

8:11

talented Broadcast isn't journalists who have lost jobs

8:13

as a result of this decision. Or, but

8:15

ultimately it's a business decision and is a

8:17

sign in news tens of millions of dollars

8:19

a year that News or him would have

8:22

cost to mom upright. And ultimately, yeah, it's

8:24

really hard at the moment with the economic

8:26

headwinds and a lot of other factors at

8:28

play. And that includes. The. Icebox and

8:30

the Goebbels of the world taking ninety

8:32

cents of every one dollar and digital

8:35

advertising out of this country for and

8:37

use operator to survive little. I'm one

8:39

that signed by an international conglomerate though

8:41

it's in a fit, doesn't have that

8:43

much news under it's channels. I mean

8:45

it, it has seen in for sure.

8:47

but ultimately Warner Brothers discoveries really focused

8:49

on profitable entertainment inches the cost to

8:52

us as a country as a like

8:54

a plurality. Now we have one Tv

8:56

channel list at signed by the government

8:58

and the commercial upright assure. That you

9:00

know if you want to watch sir television news

9:02

that six o'clock you've only got one option. Same.

9:04

Says to his bow at then

9:06

today as and now of course

9:08

news Hub Should we be concerned

9:10

about the future of journalism in.

9:13

New Zealand's this still as I

9:15

call them green shoots for us

9:17

to still reasons to be optimistic

9:19

that's a dark day for us

9:21

in the media industry of Iraq.

9:24

And I can count them on one

9:26

hand, a handful of companies that are

9:29

still doing well, but there are others

9:31

that are also and somaly dire financial

9:33

situations. I've written about the Scott a

9:35

lot over the last twelve months for

9:37

the media column, but you only need

9:39

be a don't need to look too

9:41

far to see you know media wix,

9:43

lox ah might have been bugging Pm

9:45

and am they were hundred and thirty

9:47

million dollars in the read last year.

9:49

The like that the trading that on

9:51

trade and profitably as we all are

9:53

ah indeed They announced. It's result last

9:56

week so profitable. ah, and relatively

9:58

speaking going well. Sky. The good

10:00

result Sky Sky and it may aren't it's

10:02

and Tv and eight officer lines ultimately by

10:04

the public and side is a backstop. The

10:06

about what we're talking about here is my

10:09

ensuring that there is that media plurality that

10:11

with what we can't get to is having

10:13

a media landscape and using them with the

10:15

only two companies lift around them in. Our

10:19

was quite obvious to me is that Warner

10:21

Brothers discoveries one of the largest global media

10:23

companies in the world. Twenty million dollars I

10:25

was what is with him as was on

10:27

hold for the my basis as model and

10:29

velocity size of a declining as if it's

10:32

awesome revenue. Will

10:41

be needed and you gotta continue to innovate

10:43

like every other businesses to try and find

10:45

innovative business model. Three I would love our

10:48

this is the Bethesda Com. Meu

10:50

the government need to get involved that

10:52

I have to bat should that. I

10:54

don't think it's the government's responsibility to

10:57

bail out media companies by certainly see

10:59

it as the responsibility to look since

11:01

they require training landscape and the landscape

11:04

generally to ensure that it doesn't fear

11:06

and even playing field. So that means

11:08

looking at the taxes of the Facebook

11:11

pays that Google pace, making sure that

11:13

say spoken Google young are actually paying

11:15

for some of the content and that

11:18

includes journalism and that is driving the

11:20

business model right now so as to

11:22

companies hire precisely zero generous. Yet make

11:24

billions, And you mentioned before as well

11:27

as the amazing it and talented people

11:29

that knew his hand had within the

11:31

use Rains Am Not only that the

11:33

big names I guess that a lot

11:35

of often com ng journalists as well

11:38

as where they get a guy directly

11:40

i say anywhere other than.overseas where they

11:42

came. Does. That are really good Christian

11:44

on just that you know as I sound

11:46

looking at the said the situation on the

11:48

mom was only on the companies and of

11:50

obe and costs cutting mode with the exception

11:53

of Are indeed which had the budget boost

11:55

under the previous Labour government and our is

11:57

it has actually been going on am a

11:59

relatively small kind of firing on a run

12:01

a moment and getting a lot of people

12:03

from stuff which is interesting of the former

12:05

news direct from stuff now runs parentage news

12:07

or Internets Mack Matt Stevens However, every other

12:10

media company has been and really careful and

12:12

taught cost cutting control size does this had

12:14

happened on any other occasion even five a

12:16

teen years ago you know you would expect

12:18

that are petty Dallara, Brian Breads are some

12:20

of those are the big names would end

12:22

up pretty quickly with jobs and in other

12:25

media organizations. I think it's gonna be a

12:27

lot of the standard. Thanks to do any

12:29

A sign. That

12:33

said, for this episode of The

12:35

Front Page even read more about

12:37

today's stories and extensive news coverage

12:39

at and that's herald adult kind.and

12:42

said the Front Pages produced by

12:44

Eight and Sales with Sales Engineer

12:46

Patty Folks I'm Chelsea Daniel Subscribed

12:48

to The Front Page on I

12:50

Heard Radio Aware Of You, Your

12:52

Podcasts and soon and summarize for

12:54

another look behind the headlines. You

13:06

enjoyed the autopsy. Would love a New Zealand

13:08

huge podcast! The little things by me for

13:10

just About Can and my good friends Louis

13:12

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13:15

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13:19

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13:21

Join us every Saturday to hear from needs.

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