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Speaker 1: Now the ongoing carnage that is at least part of

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Speaker 1: our media landscape had another chapter added to it. Of course,

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Speaker 1: yesterday once again at TV and said looking to cut

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Speaker 1: costs for trench numbers. New consultation periods underway. They're looking

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Speaker 1: to save another thirty million dollars. Media commentator doctor Gavin

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Speaker 1: Allis with us, good.

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Speaker 2: Morning, Good morning mate.

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Speaker 1: Without being too mean about it, do you think to

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Speaker 1: a degree anyway they've missed the boat on tech and

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Speaker 1: transformation and they're now reaping what they've sold.

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Speaker 2: I'm not sure that's yet to fully play out, you know,

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Speaker 2: the streaming. The streaming strategy is one that both they

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Speaker 2: and TV three are still working on, although I have

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Speaker 2: to say that there are plenty of others in the

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Speaker 2: market ahead of them. So from a you know, in

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Speaker 2: one CeNSE, yes, they are late to the game. Let's

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Speaker 2: say that, do you know.

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Speaker 1: What they actually said yesterday and do they have a

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Speaker 1: specific plan because in the headlines I read it seemed

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Speaker 1: to be sort of will outsource a bit of this

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Speaker 1: and we'll set up a team here and we'll have

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Speaker 1: a creative hub. What is any of them mean?

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Speaker 2: Well, I think that they were being very, very cautious

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Speaker 2: because of the mess they got themselves into with negotiations

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Speaker 2: with staff last time. Remember, they got a bit of

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Speaker 2: a slap over the wrist. So they're hedging their bets

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Speaker 2: here and not saying too much until the negotiating process

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Speaker 2: is out. But look, I think the one thing that

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Speaker 2: we do know for sure is that the one News

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Speaker 2: website is going to be scrapped. I don't think there's

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Speaker 2: any doubt about that.

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Speaker 1: No, indeed, not do we need well I thought websites

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Speaker 1: were you've got to have a website, and then suddenly

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Speaker 1: you don't have to have a website.

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Speaker 2: Well, it depends what they do with streaming, you know.

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Speaker 2: I mean, I regret the loss of any news outlet,

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Speaker 2: but you know, look, these people are in the same position.

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Speaker 2: TV broadcasters are in the same position now that newspapers

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Speaker 2: were in years ago, but with a compressed time frame.

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Speaker 2: The commercial realities are that they don't have the money

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Speaker 2: they used to have. So what they're doing is they're

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Speaker 2: reverting to their core skills visual production rather than the

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Speaker 2: written word. So I can understand that it's a risk, sure,

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Speaker 2: but you know, let's face it, One News is not

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Speaker 2: the top website, No, it is not by long shot.

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Speaker 1: No, it is not. My other concern is they seem

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Speaker 1: to think streaming is the answer, which of course it is,

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Speaker 1: but they've also got to have the heft and then

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Speaker 1: wherewithal to be a great streamer and compete with the

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Speaker 1: big Do they have that or not?

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Speaker 2: That's their real challenge because moving from a broadcast environment

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Speaker 2: into a you know, now they are the dominant player,

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Speaker 2: into a streaming environment where they clearly aren't. You know,

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Speaker 2: Netflix is dominant there. There are some huge risks there.

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Speaker 2: The other thing is that you know, they will face

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Speaker 2: pressure not to turn off terrestrial television because there'll be

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Speaker 2: people who you know, can't afford streaming or in areas

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Speaker 2: where it's difficult to get So they're going to be

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Speaker 2: in a position where they've got conflicting pressures on them

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Speaker 2: and they're not getting any more money. That's quite clear.

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Speaker 2: The government's not going to bail them out.

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Speaker 1: No, You and I have been around Gavin for about

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Speaker 1: three hundred and twelve.

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Speaker 2: Years, three hundred and fifteen fifteen.

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Speaker 1: I stand corrected. Have you ever seen a bigger mess?

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Speaker 1: Not just TV and Z but the mess the media

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Speaker 1: is in?

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Speaker 2: Probably not. I think that that things are getting to

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Speaker 2: a point where we might have what, you know what

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Speaker 2: a friend of mine calls a cathartic moment, you know,

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Speaker 2: where where something really major happens and it resets the

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Speaker 2: whole of the of the landscape. Now that's a pretty

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Speaker 2: dystopic view, I know. But we're seeing a lot of

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Speaker 2: negative things happening and not a lot of positives that

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Speaker 2: are that are coming up to, you know, to to

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Speaker 2: counteract them. I mean, I think that ends in me

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Speaker 2: move with one roof, for example, as a way in

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Speaker 2: which a company is diversifying to try and overcome the

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Speaker 2: commercial realities of traditional media. But many don't have quite

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Speaker 2: the same options that in Sidney has had.

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Speaker 1: All Right, good insight, Kevin, appreciate it. Dr Gavin Ellis

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Speaker 1: who is with us this morning.

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