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Networkn
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#3200941 28-Feb-2024 17:20

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.

100% agree with this. If every day anyone opened newshub or nzherald.co.nz you had to pay $1, pretty sure, this would cover the costs of decent journalism.

Handle9

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#3200943 28-Feb-2024 17:24

MikeB4:

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.

It's worked in Australia.

The usual suspects have a fit and then come back and pay because it's in their best interests to do so.

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#3200993 28-Feb-2024 17:49

Handle9:

MikeB4:

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.

It's worked in Australia.

The usual suspects have a fit and then come back and pay because it's in their best interests to do so.

Australia is a bigger market. Aotearoa simply isn't worth it.

Handle9

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#3200998 28-Feb-2024 18:04

MikeB4:
Handle9:

It's worked in Australia.

The usual suspects have a fit and then come back and pay because it's in their best interests to do so.

Australia is a bigger market. Aotearoa simply isn't worth it.

They said that in Australia, there were grave threats and boycotts but self interest won out.

It’s a low contact business with huge margins. Self interest always wins.

ezbee

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#3201004 28-Feb-2024 18:41

Warner might be looking for a Government subsidy like the Aluminum Smelter?

On Aussie.
It takes a bit of mongrel and being willing to call a bluff.
Government and SOE's probably spend a lot with these companies that is more leverage than they realize.

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#3201008 28-Feb-2024 18:59

MikeB4:

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.

Maybe - but it has worked in other jurisdictions. And if Facebook and Google did decide to leave... well, don't let the door hit you on the bum on the way out.

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

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#3201014 28-Feb-2024 19:34

Google doesn't show New Zealand much love now. We are a fiscal rounding error.

Quic Broadband

Move to New Zealand's best fibre broadband service (affiliate link). Free setup code: R587125ERQ6VE. Note that to use Quic Broadband you must be comfortable with configuring your own router.

quickymart

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#3201019 28-Feb-2024 19:40

This is really sad news, I probably know of a few people that work there via my radio connections. This is a huge loss for the media landscape.

Quite stunned to see some of the nasty comments on right-wing media about it though - there are some truly horrible people out there. Of course, the same ones would be jumping and down having a fit if anyone dared laugh at them losing their jobs 🙄

Still, I hope they keep some form of news service on TV3. I know they stopped doing Newshub radio news a year or so ago.

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#3201021 28-Feb-2024 19:42

MikeB4:
Google doesn't show New Zealand much love now. We are a fiscal rounding error.

Google NZ did around $78 million in “local” revenue + paid an $870 million service fee (profit transfer for tax purposes) to Google HQ. They are consequential numbers.

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#3201034 28-Feb-2024 20:09

@Handle9 Alphabets revenue in 2023 was circa $US300 billion. Those figures you quote are insignificant . Their bottom line is circa $US80billion.

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#3201038 28-Feb-2024 20:18

MikeB4:

@Handle9 Alphabets revenue in 2023 was circa $US300 billion. Those figures you quote are insignificant . Their bottom line is circa $US80billion.

They are not going to change Alphabets global strategy but they are significant. I work in HQ for a company with over US$85 billion in revenue and we would pay significant attention, and require organizational downsizing, if we lost US$100 million in revenue, let alone US$580 million

I don't see any point in continiuing this discussion with you, you are fixed in your view.

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#3201039 28-Feb-2024 20:21

Handle9:

MikeB4:

@Handle9 Alphabets revenue in 2023 was circa $US300 billion. Those figures you quote are insignificant . Their bottom line is circa $US80billion.

They are not going to change Alphabets global strategy but they are significant. I work in HQ for a company with over US$85 billion in revenue and we would pay significant attention, and require organizational downsizing, if we lost US$100 million in revenue, let alone US$580 million

I don't see any point in continiuing this discussion with you, you are fixed in your view.

I will let you have your precious last word

Handle9

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#3201040 28-Feb-2024 20:22

Sigh.

SaltyNZ

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#3201041 28-Feb-2024 20:26

MikeB4:

@Handle9 Alphabets revenue in 2023 was circa $US300 billion. Those figures you quote are insignificant . Their bottom line is circa $US80billion.

Happy to take $870M off their hands if they don't need it

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Geektastic

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#3201043 28-Feb-2024 20:41

I can’t think of anything that happens here that many world news organisations would find it terribly necessary to pay to report.

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