Stealing money from Internet companies won’t save TV

The Herald reports:

The dire state of Warner Bros Discovery’s New Zealand finances has been laid bare – a massive $138 million loss in 2023, including a $79.5m impairment.

It was the collapse of Newshub that was the catalyst for the Government to decide to back Willie Jackson’s bill to force Internet companies to pay some sort of levy to failing media companies.

But as you can see the problems facing linear TV stations is so huge and fundamental that the levy will be like trying to stop a burst dam with a small rag. Linear TV is going the way of the home video store.

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