Bill Ralston writes about some of the hot stuff the bumbling fools at TVNZ can expect from their new Minister.
McCarten writes such arrant drivel that he soon will have have his rate per word cut to match his readership. He does not deserve comment. Wade though the knee-deep crap for yourself.
Unlike McCarten, Bill Ralston actually knows what he is talking about. He is a media insider so he is worth studying.
Where else in the world would you find a business that turns over three hundred million dollars and consistently makes no profit? Until today I did not know that this is our grand state run infotainment factory TVNZ. Ralston nails them to their profit and loss account thus:-
"It should not take long for Coleman to wonder why a company that rakes in more than $300 million a year in revenue makes no profit other than the subsidy it gets from him."
Ralston predicts only half the prescription.
"I suspect Coleman is determined to screw more dividends out of TVNZ, remove government subsidies from it and make it completely commercial."
The other half can wait for the next parliamentary term. The sale of TV2 and any other appendages with TV1 retained and well trimmed down.
Mr Ralston's comment on industry assistance indicate he needs to stick to broadcasting.
"I always thought the essence of capitalism was survival of the fittest and profits were earned in relation to the risk taken. Why should the taxpayer subsidise the losses of a commercial business in bad times when we don't share the profits in the good years?"
Because, dear boy, you DO share in the profits by way of taxation. No wonder he voted Labour all his life. He just doesn't get the bigger picture. Unless you are an ideological zealot, you don't let otherwise well run companies which employ large numbers of people who pay income tax go to the wall if you can insulate them from issues which could not have been reasonably predicted and which are likely to be temporary.
October 25 in history
5 hours ago