Labour has called for caution over potential sale of MediaWorks, citing concerns that an overseas deal could reduce ad revenue staying in New Zealand. The party’s media spokesperson emphasized the importance of keeping digital advertising income within the country. The warning comes amid growing speculation about the future of MediaWorks, a major media company in New Zealand.
The Labour representative highlighted the potential impact on local media sustainability, arguing that a sale to an international player could weaken the domestic media landscape. This stance aligns with broader concerns about foreign ownership of key media outlets. MediaWorks, which operates several major newspapers and digital platforms, has been a focal point of debate in recent months.
The call for caution reflects Labour’s broader strategy to protect New Zealand’s media independence. While no official announcement has been made regarding the sale, the pressure on the government to act is mounting. The situation remains under close watch as stakeholders await further developments. (thepress.co.nz)
