Ian Fraser’s Resignation

Ian Fraser’s Resignation

“I can confirm that I told the Chairman of TVNZ on Friday that I intended to resign my position as Chief Executive.

“The situation facing me at the end of last week was one that would have prompted any Chief Executive in my shoes to walk away.

“I should make it clear that this is not about the TVNZ Board losing confidence in its Chief Executive. The Chairman of the company has reinforced this in his statement to the weekend newspapers. It’s about the fact that I have lost confidence in my Board.

“The Board of TVNZ is politically appointed. That makes it even more critical than it would be for a commercial board to stand well back from the day to day running of TVNZ, particularly our News and Current Affairs operation.

“The team at TVNZ is strong and competent and committed to the company’s success both in delivering the Charter and a healthy bottom line. I’ve loved working with them. And I’ve loved the job.

“I have made sure that the Chairman knows that I’m ready and willing to stay at the helm of TVNZ while transitional arrangements are put in place. That’s his call.”

Ends

Ian Fraser

About TVNZ

TVNZ is New Zealand’s largest, free to air broadcaster and the nation’s television public service broadcaster, operating two channels, TV ONE and TV2.

86% of New Zealanders watch TVNZ each week. TVNZ has 68.5% share of the total free to air market and a 58% share of the total television market.*

Approximately 90% of our revenue comes from commercial sources - the biggest being advertising revenue. 10% of our revenue comes from public sources** including direct Charter Specific Government funding.

To find out more about us log onto www.corporate.tvnz.co.nz

* In peak time over the last 12 months. Viewers 5+

** includes direct New Zealand on Air funding and Te Mangai Paho

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