Budget 2022: Public media to get big funding boost after TVNZ-RNZ merger

The new public media entity that will be created by the merger of TVNZ and RNZ will receive much more government funding that RNZ previously received.

Broadcasting Minister Kris Faafoi said the Government had earmarked $327 million to support the new public media entity during its first three years of its operation, between 2023 and 2026.

But Budget documents said the new funding would be “partially offset” by an expectation that the new entity would return $306m in surplus revenues over its first six years of operation.

RNZ currently receives funding of just over $35m a year from the Government to support its operations, while TVNZ has operated on a commercial model and been self-funding.

The increased operational funding and the clawback may suggest the Government’s goal is to shield the new entity from any drop in TV advertising, a source said.

Faafoi said the “substantially increased” funding for the new public media entity, which has yet to be named, would ensure New Zealanders could “continue to access quality local content and trusted news”.

His Budget statement provided little information on what extra services viewers and listeners could expect as a result of the funding boost.

“The new entity will be multi-platform and designed to reach new and existing audiences,” he said.

“Built on the best of TVNZ and RNZ, it will better meet the challenges of technology changes and global competition.”

Faafoi reiterated that the new entity would be “not for profit” but would continue to generate commercial revenues, which have come in the past primarily from TV advertising, to supplement its taxpayer funding.

Legislation paving the way for the new public media entity is expected to be considered by a select committee later this year.

Published by Kiwis Protecting Our Freedom of Expression

I am a Farmer, Wife & Mother Protecting Our Rights for Freedom of Expression. I have travelled the World Extensively ... UK, Wales, Europe, Iceland, Africa, & Australia 84 - 88 My home City is Tauranga & I now reside on our Farm on the Shores of the North Kaipara Harbour along with my husband of 25 years . I was a Founding Pupil @ Matua Primary School (65) & attended Otumoetai Intermediate plus Otumoetai College I completed a Small Business Course My interests include : Family, Politics , Cooking, Gardening & The Great Outdoors I feel strongly our Rights are being Gradually taken away by a Government we no longer trust in New Zealand. My concerns are Forced Vaccination Dual Proposed Government 3 Waters, S.N.A & Hepuapua Policies * Lack of Roading Infrustructure My aim is to keep freedom of Speech in our Country Alive Plus I would like my family to live in NZ the way we knew it Growing Up Sue Reyland (Admin/Founder) Kiwis Protecting Our Freedom of Expression Website FB : https://www.facebook.com/groups/406030170125374

One thought on “Budget 2022: Public media to get big funding boost after TVNZ-RNZ merger

  1. More solidifying Comrade Jacinda propaganda machine to churn out more verbal and visual diarrhea for the sheep to goble up.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: