Archive for the 'Article' Category

Labour to boost public broadcasting funding

Press Release – BusinessDesk

Labour’s plan to turbo-charge RNZ, boost public journalism and broadcast funding

[Updated 13/9/17] (Recasts headline, intro, third paragraph from story filed Sept. 12, which incorrectly referred to a proposed doubling of funding for public broadcasting)

By Pattrick Smellie

Sept. 12 (BusinessDesk) – Labour is proposing to add $38 million a year to the $129 million already spent annually on public broadcasting, devoting the lion’s share of the additional money to public interest journalism and programming, including local children’s programming.

Launched at a West Auckland film studio yesterday, Labour leader Jacinda Ardern and broadcasting spokeswoman Clare Curran announced an “RNZ-Plus” policy to “transform Radio New Zealand into RNZ+, a truly multi-platform provider dedicated to quality New Zealand programming and journalism, including a free-to-air non-commercial television service”.

RNZ currently attracts around $34 million in annual funding while NZ on Air has $95 million a year to fund broadcasting programme development, production and platforms. The boost would be equivalent to a 29.5 percent increase in total Crown funding of public interest broadcasting and journalism and follows the first Budget increase for the state broadcaster in a decade this year. NZ on Air’s funding remained frozen.

The journalism leg of the policy would seek to turbo-charge the approach already being taken by state-owned broadcaster RNZ, once just a radio service, to broadcast across all digital platforms, to rival the commercial television news services provided by state-owned TVNZ and privately held MediaWorks NZ.

A new, independent and part-time Public Media Funding Commission would oversee both the new $38 million a year and the existing public broadcasting production fund, NZ on Air, which had a budget of $38 million in the last financial year and divide it up annually.

Asked whether funding another government-owned news service meant a Labour administration might sell TVNZ, Ardern said: “No.”

To the suggestion such funding would benefit elite audiences rather than the wider public, Ardern said: “If you’re saying that quality journalism is only for the elite, I would really dispute that.

“All New Zealanders deserve access to critical analysis, to their own stories being told … I think it’s incredibly important that we maintain investigative journalism in New Zealand to hold ourselves to account, tell New Zealand stories and to make sure we have a robust democracy. That’s the foundation for a robust democracy.”

NZ on Air was also being driven heavily by the commercial imperatives of the competing free-to-air broadcasters, which receive government funding only through winning NZ on Air budget for programming.

That was also having an impact on the inadequate amount of locally produced children’s content that is being produced.

“Rather than us deciding necessarily what stories should be told, it’s often driven by the entity that’s choosing whether they will broadcast it or not, that’s driving a lot of our content,” said Ardern. “This will change up that decision-making.”

“NZ On Air would be able to consider bids for independent investigative journalism from this fund,” the policy says. “This will ensure funding decisions are made at arm’s length from the political interests of the government of the day.”

Annual funding for RNZ was frozen from 2007 until the current financial year to $32 million a year, with the 2017 Budget adding $11 million in funding over the next four years.

(BusinessDesk)

Content Sourced from scoop.co.nz
Original url

Ardern: renegotiating Korean free trade deal

Article – BusinessDesk

Ardern: legislate foreign investor ban before renegotiating Korean free trade deal

By Pattrick Smellie

Sept. 12 (BusinessDesk) – Labour Party leader Jacinda Ardern is confident the government of South Korea will change its free-trade agreement with New Zealand to allow a ban on foreign buyers of existing homes, which a Labour-led government would pass into law by Christmas. Read more »

Climate change is top priority for new government, LGNZ says

Press Release – BusinessDesk

Climate change is top priority for new government, LGNZ says

By Jonathan Underhill

Sept. 12 (BusinessDesk) – Local Government New Zealand has reiterated its concerns about the impact of climate change, saying the incoming government needs to provide a clear statement on responsibilities for adapting to higher temperatures, rising sea levels and more violent storms. Read more »

NZ guest nights rise at ‘modest’ 1.4% pace in July

Article – BusinessDesk

NZ guest nights rise at ‘modest’ 1.4% pace in July

By Tina Morrison

Sept. 12 (BusinessDesk) – New Zealand national guest nights rose at a “modest” pace in July, aided by the tail end of the Lions rugby tour. Read more »

Arvida to raise $77 mln in rights issue

Article – BusinessDesk

Arvida to raise $77 mln in rights issue to help buy 3 new villages

By Paul McBeth

Sept. 12 (BusinessDesk) – Arvida Group plans to raise $77 million in a discounted rights issue to help pay for three new retirement villages it says will boost annual earnings by 8 percent. Read more »

Tru-Test names Simon Mander as new chief executive

Article – BusinessDesk

Tru-Test names Simon Mander as new chief executive

By Paul McBeth

Sept. 11 (BusinessDesk) – Tru-Test Corp has hired Simon Mander to lead the agritech company as it looks to build earnings after a hard round of cost-cutting in response to last year’s dairy downturn. Read more »

NZ investors hungry for IPOs would flock to Vodafone listing

Article – BusinessDesk

NZ investors hungry for IPOs would flock to Vodafone listing

By Paul McBeth

Sept. 8 (BusinessDesk) – New Zealand investors starved of new company listings would be drawn to the prospect of Vodafone New Zealand joining the stock exchange. Read more »

Briscoe lifts first-half profit 4.8% amid ongoing rivalry

Article – BusinessDesk

Briscoe lifts first-half profit 4.8% amid ongoing rivalry, unusual weather

By Tina Morrison

Sept. 8 (BusinessDesk) – Briscoe Group, which operates stores selling household items and sports goods, lifted first-half profit 4.8 percent and said it was satisfied with the result in the face of ongoing competitiveness and unusual weather conditions. Read more »

Tomizone inks deal to buy Bluesky Online Services for A$276k

Article – BusinessDesk

Tomizone inks deal to buy Bluesky Online Services for A$276k

By Rebecca Howard

Sept. 8 (BusinessDesk) – Auckland-based Tomizone said it has inked a deal to buy Bluesky Online Services for a combination of cash and shares worth A$275,900 as it looks to grow its business. Read more »

Di Humphries to leave after brief return to Hallenstein

Article – BusinessDesk

Glassons head Di Humphries to leave after brief return to Hallenstein

By Paul McBeth

Sept. 8 (BusinessDesk) – Di Humphries will leave Hallenstein Glasson Holdings at the end of the month after almost a year-and-a-half back at the clothing chain, having returned the Glassons women’s wear brand back to profitability. Read more »

Topshop operator calls in receivers as trading losses mount

Article – BusinessDesk

Topshop operator calls in receivers as trading losses mount

By Paul McBeth

Sept. 7 (BusinessDesk) – Top Retail, which operates New Zealand’s two Topshop and Topman branded stores, has been tipped into receivership due to the prospect of mounting losses in the face of increased competition, an environment that sunk its Australian counterpart in May. Read more »

Toll Group sinks into the red on rising costs

Article – BusinessDesk

Toll Group sinks into the red on rising costs under shadow of Kaikoura quake

By Rebecca Howard

Sept. 6 (BusinessDesk) – Toll Group NZ sank into the red on a rising cost line, joining other transport and logistics firms facing the squeeze when last year’s Kaikoura earthquake disrupted supply routes. Read more »

Ponzi scheme accused Shane Scott changes plea to guilty

Article – BusinessDesk

Ponzi scheme accused Shane Scott changes plea to guilty

By Paul McBeth

Sept. 6 (BusinessDesk) – Shane Scott, who was accused of operating a Ponzi scheme to defraud friends and close associates of $5.4 million, has changed his plea to guilty. Read more »

Plexure CEO founder Bradley exits at AGM after restructure

Press Release – BusinessDesk

Plexure CEO founder Scott Bradley exits at AGM after restructure, sees smaller first-half loss

By Paul McBeth Read more »

Equity Trust International gets formal warning

Article – BusinessDesk

Equity Trust International gets formal warning over anti-money laundering compliance

By Sophie Boot

Sept. 5 (BusinessDesk) – The Department of Internal Affairs has issued a public formal warning to Equity Trust International, an Auckland-based company, for failing to comply with anti-money laundering rules. Read more »

Value of NZ building work moves higher in second quarter

Article – BusinessDesk

Value of NZ building work moves higher in second quarter, volumes slip

By Rebecca Howard

Sept. 5 (BusinessDesk) – The value of New Zealand building work rose in the June quarter as both non-residential and residential activity ticked up, even as volumes eased as construction winds down in Canterbury, says Statistics New Zealand. Read more »

Auckland house prices rise in August

Press Release – BusinessDesk

Auckland house prices rise in August, market firm ahead of election, Barfoot says

By Sophie Boot

Sept. 5 (BusinessDesk) – Auckland’s average house price gained in August, with the market remaining firm in the lead up to the general election this month, says realtor Barfoot & Thompson. Read more »

CORRECT: Sky TV shares, ex-div, drop to 18-year low

Article – BusinessDesk

CORRECT: Sky TV shares, ex-div, drop to 18-year low on report of Amazon tilt for rugby

(Fixes current share price in 2nd paragraph) Read more »

Liquidators appointed for Intueri Education Group

Article – BusinessDesk

Liquidators appointed for Intueri Education Group

By Rebecca Howard

Sept. 1 (BusinessDesk) – Liquidators have been appointed for Intueri Education Group after ACG Education, the private equity-owned education services provider, bought its assets. Read more »

NZ house price slowdown may be short-lived

Article – BusinessDesk

NZ house price slowdown may be short-lived in face of supply squeeze, migration: QV
By Sophie Boot

Sept. 1 (BusinessDesk) – Annual growth in New Zealand property values growth dropped below 5 percent for the first time in five years, as inflated Auckland house prices continued to moderate after several years of rapid gains. Read more »

« Previous PageNext Page »