Podcasts Other The Mike Hosking Breakfast Nicola Willis: Finance Minister says the Government isn't working on a salvation plan for the media industry

Nicola Willis: Finance Minister says the Government isn't working on a salvation plan for the media industry

Published: April 15, 2024, 8:21 p.m.

The Finance Minister says there is no plan to "save" major media outlets in their current form.\xa0

Newshub staff have been summoned to a meeting today about an "important business update", after learning last week that the news service will close with the loss of 300 jobs.\xa0

TVNZ has also announced significant cuts including the end of its Fair Go and Sunday programmes.\xa0

Nicola Willis told Mike Hosking that while Media Minister Melissa Lee is looking into the issue, she isn't working on a salvation plan.\xa0

She says the Government isn't going to come in on a white horse and rescue the media industry.\xa0

Willis says the challenges facing the media industry go right to the digitisation of the way people are receiving news.\xa0

LISTEN ABOVE\xa0

See omnystudio.com/listener for privacy information.