New Zealand media sector is facing the biggest structural changes in a decade as the whole news ecosystem is in serious trouble. This means that New Zealand is likely to see shrinking number of media companies in 2020, the latest JMAD New Zealand media ownership report 2019 finds.
The New Zealand government is mulling an entire restructure of public broadcasting, and the fate is the sector is in its hands. At the same time, the future of New Zealand’s commercial media sector has been firmly placed in the hands of private equity firms and investment managers.
Since 2011, JMAD New Zealand media ownership reports have highlighted the vulnerabilities of media companies’ financial ownership structures. Now, the JMAD’s 2019 report warns that the shape of our commercial broadcasting sector is in the hands of American investment manager Oaktree Capital and Sydney-based Quadrant Private Equity.
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