Plenty of chatter on the left end today about media works getting a "loan" from the government to pay for their frequency licenses.
The alternative of course is a spectrum devoid of almost every station other than covers (concert)fm and radio left wing. Whilst that might make vicars, spinsters and 12 wellington lefties happy it would not please the rest of the country.
They are paying an eye watering interest rate for a fee that is based on something that has a government mandated artificial value.
The upshot of course is that the left team can continue to enjoy John Campbell, because if the radio arm of that business folds the telly arm will not be far behind it.
And then we will be left with shortland street and news shows that consist almost entirely of studio based pseudo journalists interviewing junior pseudo journos in front of random buildings all over the country.
It should be noted that the government are charging 11.2% interest on this..
A neat solution to what is a very dificult environment for media companies at the moment and especially the television arm of that company that is basically competing with a massively subsidised publically owned company.
July 24 in history
1 hour ago