Media Insider: Sky TV buys Three for $1 in massive media shake-up

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.

Want More Context? 🔎