Sky TV is acquiring financially struggling TV3 for $1, marking a significant shift in the New Zealand media landscape and setting up competition with TVNZ. The deal will result in the exit of Warner Bros Discovery from the free-to-air sector, with around 130 staff transitioning to Sky, led by Juliet Peterson, reporting to Sky’s CEO Sophie Moloney.
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Housing market recovery stalled, council rates will continue rising, new ANZ economic report finds
The ANZ property focus report indicates that the anticipated recovery in the housing market has stalled as both sales volumes and prices declined in June, with the REINZ house price index falling 0.3%. Additionally, increasing territorial authority rates are contributing to ongoing inflation concerns. Want More Context? 🔎
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