TVNZ Board Statement - Further To Fraser Leaving
Sunday 30 October 2005
For immediate release
Following the statement released earlier today by Ian Fraser, the TVNZ Board of Directors wishes to make it clear that:
1; The Board, collectively or individually, has at no time interfered or otherwise involved itself in the editorial independence of the TVNZ news and current affairs operation and notes that this independence is enshrined in the TVNZ Act.
2; The Board is required under its terms of reference, to decide on remuneration for all TVNZ staff and contractors, at $300,000 per annum or above.
The Board, under its “no surprises” policy will provide an explanation of the comments in Mr Fraser’s media release to the Minister of Broadcasting, Steve Maharey.
Craig Boyce, Chairman
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