TVNZ Releases Blueprint For Its Future

TVNZ RELEASES BLUEPRINT FOR ITS FUTURE

Television New Zealand today presented the Company's shareholding Ministers, Hon Steve Maharey and Hon Dr Michael Cullen, with its Statement of Intent for the year to June 2004.

The Statement of Intent incorporates a blueprint of TVNZ's commitment to the principles of the TVNZ Charter. The document specifically outlines how the Crown Owned Company will engage with the Government and how it will measure its obligations and responsibilities.

Chief Executive Ian Fraser regards the Statement of Intent as the founding document of a new and reinvigorated public broadcasting organisation.

"As a Charter-driven broadcaster TVNZ is now uniquely placed, and mandated, to be the "Home Place" for all New Zealanders."

TVNZ Board Chairman Craig Boyce says the Statement of Intent also sets out a new range of objectives and strategic directives.

"In the future the Company will work to a double imperative - TVNZ will give effect to the Charter while also maintaining its commercial performance."

Ian Fraser says he is delighted that the Statement of Intent is now "on the table" and he regards the imperatives outlined in the document as a very real stake in the ground for public broadcasting.

The Statement of Intent is available for download via the Publications section of the TVNZ website: www.tvnz.co.nz.

ENDS

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