Wellington, July 22, 2025 (AFP) - Sky New Zealand buys television network Three for NZ$1

NAMPA / AFP

2025-07-22

News and entertainment group Sky New Zealand said Tuesday it will buy struggling television channel Three for NZ$1, as the country's hard-hit media industry consolidates. Three -- New Zealand's first privately owned free-to-air television channel -- is owned by US giant Warner Bros. Discovery. But it was not "commercially viable" as a standalone unit within Discovery, said the firm's Australia and New Zealand managing director, Michael Brooks. "T......

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