‘The impact is substantial’: Media buyers react to NZ-based Newshub’s closure
The industry has this week reacted to the unfortunate news from one of New Zealand’s largest media companies, Newshub.
On Wednesday, Newshub’s parent company, Warner Bros. Discovery, emailed all staff regarding “significant changes to the business that may impact your role” – shocking plans to close its newsroom, including its online news platform.
The proposed closure, which would take place on June 30, was attributed to a collapse in TV advertising revenue and changes in viewing habits.