23 Apr 2020

Broadcasting, Consumer Affairs Minister discusses $50m media bailout, Air NZ refunds

From Checkpoint, 5:07 pm on 23 April 2020

On Thursday the government announced a $50 million bailout package for the media industry which has suffered under a loss of advertising amid the Covid-19 lockdown.

The package includes scrapping transmission fees for broadcasters for six months and cutting New Zealand On Air levies.

There is also an $11 million fund set aside for targeted assistance to media companies.

A number of media companies have cut wages and jobs or even shut up shop during the lockdown after a dramatic drop in revenue due to the Covid-19 pandemic.

The government says multimillion dollar package is just stage one and more will be revealed in the Budget in May.

Broadcasting and Communications Minister Kris Faafoi joins Lisa Owen to discuss the details.