‘Destined for market failure’: Regional TV’s dire warning

  • 📰 theage
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

As the pandemic took hold in the first quarter of last year, Australia’s three regional TV bosses had a clear warning for Communications Minister Paul Fletcher. regionalTV

As the pandemic took hold in the first quarter of last year, Australia’s three regional TV bosses warned Communications Minister Paul Fletcher that local news and current affairs services would disappear unless they were allowed to merge.

The letter dated March 27, 2020, and signed by the three executives, also requested immediate financial assistance because of the pandemic’s hit to revenues, outlining that the regional broadcasters did not have sufficient capital reserves to maintain their business operations. In April last year, the government provided a range of taxpayer-funded relief measures, including a $50 million Public Interest News Gathering program, to support media businesses in regional Australia.Graham Richardson, former Communications Minister in the Keating government

Mr Richardson doesn’t believe a combined regional broadcasting group should exist next to Nine Entertainment Co , Seven West Media or ViacomCBS-owned Network Ten. Seven, Nine and Ten have staunchly opposed a merger of the three affiliates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines