|
| ||
Stick to the facts Minister tells Opposition |
||
18 September 2001 Media Statement
Stick to the facts Minister tells Opposition
Broadcasting Minister Marian
Hobbs says National's broadcasting spokesperson Katherine
Rich betrays her ignorance in her claims about TVNZ's annual
results for the 2001 financial year.
"She ignores the facts as disclosed in the annual report.
" TVNZ's financial position remains strong. The deterioriation in financial performance was primarily due to a weaker television advertising market and the decline in the value of the New Zealand dollar, which has increased the cost of overseas programmes.
"The profit result also reflected the steady financial performance by Broadcast Communications Ltd, TVNZ Australia, TVNZ Satellite Services and its outside broadcast services.
"Ms Rich should note the comments of TVNZ Chief Executive, Rick Ellis, who said that TVNZ's results compared very favourably with other television companies, both here and internationally, who had experienced similar contractions in revenue and increased programming costs," Marian Hobbs said.
ENDS

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims
TAIC: Final Report On Grounding Of MV Rena
Gordon Campbell:
Werewolf Satire:
Flight: Review Into Phillip Smith’s Escape Submitted To Government
Intelligence: Inspector-General Accepts Apology For Leak Of Report
Drink: Alcohol Advertising Report Released
Leaked Cabinet Papers: Treasury Calls For Health Cuts