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#3200839 28-Feb-2024 13:32

alasta:

Let's be honest, the free to air business model is dead. Like it or not, the future of news is paywalls and state funding.

Or whacking Google/FB e tal with more/some taxes....

richms

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#3200840 28-Feb-2024 13:32

SaltyNZ:

Winston won't like that, it's corruption! Well, it is when they aren't licking his boots anyway. 🙄

Winston disliking something is the best sign it is a good idea there is.

Richard rich.ms

Geektastic

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#3200845 28-Feb-2024 14:44

It’s worth noting that ‘free’ news is a relatively modern conceit.

Newspapers always cost money to buy and state broadcasting was always paid for by taxes and/or special levies like the BBC Licence Fee.

Overall, although I don’t watch TV news, I’d say that the standard of journalism has dropped a great deal everywhere since I was about 20 or so, which is 35 years ago.

I’m not convinced that (side bar: can anyone tell me why my iPhone inserted TurboSquid here, words I’ve never typed?!) the internet has been especially beneficial to the maintenance of quality standards in journalism.

ezbee

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#3200900 28-Feb-2024 15:06

Probably Alex Jones etc have shown what brings in the money.
Our own ex WhaleOil.
Despite his lawsuits he seems not to be relying on City Mission and living under a bridge.

Tabaco, Oil, Grocery Council, Fishing, Trucking, Forestry, Property Investment and others that have strong lobbying can also pay.
Especially thse on the secret lobbiest list, who are in Parliment so often they need their own access card.

News was financed by direct advertising in past milenium.
Now Google, Facebook, etc own the advertising market, just throw out the odd bone after having sucked all the marrow out.

SaltyNZ

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#3200902 28-Feb-2024 15:10

Predictably, Seymour blames government ownership of TVNZ for this. https://www.stuff.co.nz/business/350194958/live-newshub-set-close-end-june

Privatise everything!

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These comments are my own and do not represent the opinions of 2degrees.

nztim

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#3200906 28-Feb-2024 15:17

This is the response to the way people consume content now, watch it, radio stations will be next.

Any views expressed on these forums are my own and don't necessarily reflect those of my employer.

Rushmere

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#3200907 28-Feb-2024 15:23

The loss of NZ's only TV news media outside of TVNZ is significant, but it also goes beyond that.

It appears that Warner Bros Discovery are ending all local NZ programming (unless it's externally funded).

I presume they always hoped they could make Three work, but if it proved uneconomical, they knew they had the option of simply turning it into a delivery mechanism for some of their US catalogue (alongside any streaming options they introduce).

I also wonder what this ultimately means for their relationship with Sky NZ, for both HBO and Discovery content? Will they eventually end their agreement with Sky and push their programming through their own channel(s) and streaming apps? Alternatively, I wouldn't be surprised if they even seriously considered buying Sky NZ in the future. It would be fairly small change for them.

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alasta

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#3200908 28-Feb-2024 15:25

wellygary:

alasta:

Let's be honest, the free to air business model is dead. Like it or not, the future of news is paywalls and state funding.

Or whacking Google/FB e tal with more/some taxes....

I personally think Google and Facebook (or Meta or whatever it's called now) are toxic to society, but I'm not convinced that our government are going to be able to extract much money out of them. I suspect it's going to need an OECD scale solution.

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#3200909 28-Feb-2024 15:28

nztim:

This is the response to the way people consume content now, watch it, radio stations will be next.

Interestingly NZME have recently introduced a paywalled web site as a companion to their talk radio station. Their current listenership is very much an older demographic, so it makes you wonder if they are setting the scene to bring in a new generation of listeners who are willing to pay a subscription to listen to the radio.

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#3200910 28-Feb-2024 15:31

nztim:

This is the response to the way people consume content now, watch it, radio stations will be next.

I'm quietly waiting for news to come up that Mediaworks has gone bust, I saw somewhere they are not currently viable past mid next year.

MikeB4

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#3200911 28-Feb-2024 15:35

The notion of the Government compelling off shore entities to pay NZ news agencies for news content is naive and will probably result in those organisations saying bye bye NZ.

MikeB4

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#3200913 28-Feb-2024 15:44

Geektastic: It’s worth noting that ‘free’ news is a relatively modern conceit.

Newspapers always cost money to buy and state broadcasting was always paid for by taxes and/or special levies like the BBC Licence Fee.

Overall, although I don’t watch TV news, I’d say that the standard of journalism has dropped a great deal everywhere since I was about 20 or so, which is 35 years ago.

I’m not convinced that (side bar: can anyone tell me why my iPhone inserted TurboSquid here, words I’ve never typed?!) the internet has been especially beneficial to the maintenance of quality standards in journalism.

Back when I was working for The Dominion the cover charge or subscription charge barely covered the distribution costs. It was the advertising and especially the classified advertising that were the profit makers.

Handle9

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#3200923 28-Feb-2024 16:11

nztim:

This is the response to the way people consume content now, watch it, radio stations will be next.

Radio has a very different, and much cheaper, business model. Radio stations generally remain profitable unless they fill them up with "stars."

wellygary

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#3200930 28-Feb-2024 16:48

Handle9:

Radio has a very different, and much cheaper, business model. Radio stations generally remain profitable unless they fill them up with "stars."

Places like Newstalk are making hay off the huge growth in "boomer" retirement... Every second Ad is for a "luxury residential village" in salubrious places like Milford or Orewa :)

And for those not quite their yet the other ones are all about "profiting through property investment"....

They've probably got a few more years to run very happily , but in the long term (20-30yrs) its a declining market....

Handle9

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#3200940 28-Feb-2024 17:15

freitasm:

wellygary:

The high cost of operating terrestrial broadcasting got a hat tip in the announcement,

I think there are serious questions being asked about whether WB Discovery look to actually continue with terrestrial TV, or just say "you want TV, get Satellite Freeview, or a streaming box"

Quoted of truth. They knew what they were buying. I think this plan was in the cards for ages. - perhaps even from the start.

More than likely it was one of a few scenarios triggered by the results.

M&A is difficult and risky because you never really "know what you're buying" until you get into it. You think you know but it's not until you get into the hairy details that you really know.

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