The Reserve Bank of New Zealand (RBNZ) confirmed the resignation of Adrian Orr as Governor, primarily due to a disagreement over funding levels with the Government. The RBNZ stated that while the board, led by Neil Quigley, accepted a reduced funding amount, Orr believed he could not continue in his role with significantly less funding than he deemed necessary for the organization. Following discussions and the involvement of senior counsel for an exit agreement, Orr’s departure was deemed appropriate, although he agreed to assist with the transition.
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Media Insider: TV3 future in spotlight under WBD’s big global changes; Sky, NZR and a new TV rights deal; Shortland St eyes life support again; Creative ad agency cuts
TV3 staff are facing renewed uncertainty as parent company Warner Bros Discovery plans a major restructuring to enhance financial performance, splitting into "streaming and studios" and "global networks." Meanwhile, New Zealand Rugby and Sky are nearing a deal for rugby rights, Shorty St is again seeking support, and Kiwi PR agencies are achieving significant success internationally. More Context
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