The $6 billion merger

Melissa Lee points out:

The Government’s planned media mega entity will need hundreds of millions a year in extra taxpayer funding due to the decision to destroy TVNZ’s commercial model, National’s Broadcasting and Media spokesperson Melissa Lee says.

“Documents obtained by the National Party reveal the combined media entity would require $6.3 billion in additional Crown funding over the next 30 years, or an average of $211 million a year.

The Government is really good at burning money on pet projects that no one wants and will make things worse.