Listen Now: 
October 08, 2024
$85 million loss forces TVNZ to shut down 1News website
Claudette Hauiti
Posted On October 8, 2024
0
Media woes continue to plague the industry, with TVNZ announcing plans to shut down its 1News website next year to save $30 million.
Media woes continue to plague the industry, with TVNZ announcing plans to shut down its 1News website next year to save $30 million.
Announced yesterday, the proposal includes closing the 1News site in February, shifting Re: News, the youth-focused division, to solely video content, and establishing hubs for data, analytics, and creativity.
TVNZ has already axed several news and current affairs shows, including Fair Go and its midday and late-night bulletins.
Te Karere, TVNZ’s Māori news show, is unlikely to be affected due to its Te Māngai Pāho funding.
TVNZ recently reported an $85 million loss, a significant drop from its $1.7 million profit the previous year.
RELATED NEWS
