35-years of broadcast information on New Zealand community Three is in danger after Warner Bros Discovery, which owns the information service Newshub, signalled a proposed shut down of the newsroom.
The closure of its newsroom operations, tv information broadcasts and web site from June 30, will outcome within the lack of as much as 200 media jobs.
Under New Zealand legislation, a proposed restructure or redundancies should be consulted on earlier than a ultimate determination may be introduced.
“Free-to-air and information are costly companies to run. Put merely, the financial headwinds means the returns will not be there,” mentioned Glen Kyne, a senior vp, at Warner Bros Discovery in Australia and New Zealand.
He added, ““These proposed adjustments can be exhausting if they’re carried out, however we predict they’re crucial.”
Warner Bros Discovery reported mentioned it plans to proceed working digital platform ThreeNow and community channel Three with programming from the community’s library and native programming, the place funding could possibly be obtained.
Long time journalist Mike McRoberts mentioned the information was “heartbreaking”.
“We’re a reasonably good newsroom, if we will’t make it work, who can?”
A ultimate determination is anticipated in early April.
Source: The Post
