The New Public Media Entity has turned into a Churchillian quotation, and it is not “their finest hour”.
Following last Thursday’s Budget, the project to replace Television New Zealand and RNZ has become “a riddle wrapped in a mystery inside an enigma”.
The Budget told us the project would receive $327 million of Government funding over three years in roughly equal annual instalments. The total appropriation for the “Strong Public Media” project over the next four years is $370 million, meaning $43 million will be used to establish the new entity and for the Ministry for Culture & Heritage to “monitor’ it.
That is a sizeable chunk of money, but the Government does expect some pay-back from the commercial operations of what is now Television New Zealand. It estimates a dividend of $306 million over six years.
And that is where the detail ends. Continue reading “Churchillian view of public media’s future”