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Speaker 1: Yeah, looks like the trouble is not nearly close to

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Speaker 1: being over for TV and Z. The news out today

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Speaker 1: is that they've made the loss that we were expecting

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Speaker 1: about twenty nine million bucks and it is not ending there.

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Speaker 1: They now have to find another thirty million dollars worth

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Speaker 1: of savings to make another thirty million, which basically what

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Speaker 1: they've just done, and they need to do that fast.

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Speaker 1: So I would say brace yourself because it's almost certain

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Speaker 1: shows are going to be cut again and staff are

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Speaker 1: going to be fired again. Already, the rumors are that

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Speaker 1: Breakfast is in the boss's sites. And the reason that

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Speaker 1: everybody's worried about Breakfast is because the contracts for that

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Speaker 1: show run out in December. And TVNZ has pretty much

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Speaker 1: made this rumor worse because they've put up an advert

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Speaker 1: looking for a foreign producer for Breakfast, and in bold

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Speaker 1: in the ad it says this is a fixed term

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Speaker 1: contract until the end of the year. I mean, why

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Speaker 1: would you be hiring somebody what is it August just

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Speaker 1: through to the end of the year. Right. It started

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Speaker 1: to raise the questions all over again. Now TV and

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Speaker 1: said this says, there's nothing to see here, but you know,

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Speaker 1: thirty million dollars worth of savings, says, there is something

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Speaker 1: to see here and pretty much almost everywhere. And the

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Speaker 1: reason that we can save with confidence that shows have

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Speaker 1: to be cut is because that is the only way

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Speaker 1: that you're going to come anywhere close to finding thirty

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Speaker 1: million dollars worth of savings. And even then you're not

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Speaker 1: going to come close by cutting shows. That gets you

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Speaker 1: the closest, but it's still way away. Remember all that

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Speaker 1: cutting that they did with fair Go and Sunday and

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Speaker 1: the staff and reducing Shorty Street and just everything else

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Speaker 1: they were doing, that only saved them ten million dollars.

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Speaker 1: That's all, so as you can see. As you can see,

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Speaker 1: they are going to have to cut pretty deep this

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Speaker 1: time around. And they can't be rescued all that much

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Speaker 1: by trying to find new income off their internet streaming

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Speaker 1: service TVNZ plus, because from what I've been told today,

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Speaker 1: sticking anything behind a play well there to make money

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Speaker 1: is years away. They haven't got they haven't got the

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Speaker 1: digital ability to do that yet, so that's years away.

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Speaker 1: They have to find money this year. So this is

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Speaker 1: my prediction. They will cut shows, and the shows that

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Speaker 1: they will cut will be local shows because local shows

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Speaker 1: are way more expensive than for content, and maybe maybe

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Speaker 1: they will even cut some of their expensive stars, because,

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Speaker 1: as I say, thirty million dollars is a lot of

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Speaker 1: money to find all over again. For more from Hither

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Speaker 1: Duplessy Allen Drive, listen live to news talks it'd be

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Speaker 1: from four pm weekdays, or follow the podcast on iHeartRadio.