Pacific Media Centre Pacific Media Watch Pacific Journalism Review Pacific Scoop

Special report: Global capital and media communication ownership in New Zealand

Volume 17, Issue 2

October, 2011

From page
188
to page
209
Myllylahti, M. and Hope, W. (2011). Global capital and media communication ownership in New Zealand. Pacific Journalism Review, 17(2): 188-209.
Author(s): Merja Myllylahti, Wayne Hope
Publication date: 
October, 2011

This article identifies recent developments in the ownership and management of New Zealand media institutions since Bill Rosenberg’s 2009 article in Pacific Journalism Review. New Zealand is enmeshed within global capitalism; a reality which shapes contemporary ownership patterns. Often the media ownership discussion in New Zealand is centred on media moguls, but they are answerable to their investors, shareholders, international investment banks, fund managers and venture capitalists whose primary objective is to maximise profit rates. New Zealand media corporations treat news as a commodity and news organisations as revenue generators. Consequently, public media space is shrinking as the practice of journalism declines.