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ACT's David Seymour suggests TVNZ dividend could improve returns, competition

Author
Newstalk ZB,
Publish Date
Thu, 29 Feb 2024, 6:05pm
David Seymour. Photo / NZ Herald
David Seymour. Photo / NZ Herald

ACT's David Seymour suggests TVNZ dividend could improve returns, competition

Author
Newstalk ZB,
Publish Date
Thu, 29 Feb 2024, 6:05pm

ACT Party leader David Seymour has asked Treasury to look into the returns the station is offering tax-payers, after 1News' competitor Newshub revealed it was broke.

Warner Bros. Discovery has proposed shuttering Newshub from July, axing one of the country's biggest commercial news operators.

Seymour says it's possible requesting dividends could improve returns- and competition.

"It's one possibility- having one big state competitor that gets a pretty easy run in terms of getting taxpayer capital and paying dividends is distorting the marketplace."

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