this post was submitted on 01 Mar 2024
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TVNZ announces half-year loss as media companies struggle (www.1news.co.nz)
submitted 11 months ago* (last edited 11 months ago) by deadbeef79000 to c/newzealand
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A quarter of a century ago TVNZ knew that "digital", or rather the Internet, was the way of the future. I know, I was there.

It created nzoom.com for those that remember it.

A decade ago, it was still a "broadcaster" with an adjunct "digital" presence with TVNZ Ondemand.

Only on the last few years has it started to truly operate "digital" (internet) first, I'm afraid that it might be too late and we see another newshub-scale catastrophe in the next few years.

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[–] Ilovethebomb 1 points 11 months ago (1 children)

A simpler explanation, in my view, is that watching broadcast TV is a bit like having a landline, in that almost none of the younger generation is doing it. Combine that with a loss of viewers of all ages to streaming platforms, and a shaky economy overall, and it's a recipe for disaster.

People are willing to pay for either top notch entertainment content, or quality investigative journalism, but do they offer either?

[–] BalpeenHammer 1 points 11 months ago

Isn't TVNZ available online though? You don't need to watch it via your television.