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Newshub shutdown won't be the last for media woes, expert warns

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 4:55pm
Three of Three's biggest names: Newsreaders Sam Hayes and Mike McRoberts and show host Paddy Gower. Photos / Three, Brett Phibbs
Three of Three's biggest names: Newsreaders Sam Hayes and Mike McRoberts and show host Paddy Gower. Photos / Three, Brett Phibbs

Newshub shutdown won't be the last for media woes, expert warns

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 4:55pm

Uncertainty over the future for hundreds of Newshub workers, following the shock announcement its newsroom will close.

Warner Brothers Discovery executives told staff today they're shutting the newsroom and website, from the end of June.

The former-Mediaworks news company says it's battled financial headwinds and plans to focus on streaming service, ThreeNow, not news.

Media commentator Bill Ralston is predicting he expects more media failures over the next six months.

"Once you start chewing into losses of $100 million, and then more, and then more on top of it- it becomes unstoppable." 

Ralston expects some who've lost jobs will head overseas.

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