“..All Television NZ programmes will be up for constant review as the state broadcaster faces tighter budgets and falling advertising revenue.
Figures released yesterday show TVNZ’s profit halved to $8.9 million in the six months to December ..
.. compared with the $18.3 million of the previous year. Total operating revenue fell 16.6 per cent to $186.9 million.
Revenue from advertising was $152 million, a fall of $22 million or 12.7 per cent on the previous year.
Chief executive Rick Ellis said TVNZ was likely to record a loss by the end of the financial year in June, as most advertising revenue came from the Christmas period.
Spokeswoman Megan Richards said: “Everything is under review in these circumstances. It has to be.”
A review will likely spark intense interest from within as to whether the station goes ahead with a new Paul Henry show.
It is keen to use the polarising Breakfast show co-host ..
.. and producers say TV One needs something for the 5.30pm timeslot to compete with TV3′s Home and Away in the run-up to One News.
The station has already axed or suspended a number of flagship shows in an effort to save money, including Dancing with the Stars, Mitre 10 Dream Home and Wheel of Fortune.
It also sold the rights to this year’s Commonwealth Games..”
go to source/story>>Axe hovers over shows as TVNZ finances take hit – National – NZ Herald News
