In today's email we discuss how those hoping for a new Government by the end of the day will be disappointed.
The Commerce Commission has delivered a unanimous and very strong final rejection of NZME's application to merge with Fairfax New Zealand, which would have created a company owning more than 90 percent of the nation's newspapers. It decided a merger would increase advertising prices for currently competing Sunday newspapers and community newspapers, increase subscription prices for Sunday newspapers, and reduce the quality or increase eventual subscription prices for online news.
Bernard Hickey argues the Commerce Commission’s decision is irrelevant while New Zealand’s two largest news producers are locked in a group-think about how to make money out of news. Until Fairfax NZ and NZME abandon their collective view that online ads will pay for news, the trajectory towards fewer journalists and a weaker fourth estate will continue, regardless of whether the merger is approved or rejected.
In today's email we wonder what is behind the latest delay of the Commerce Commission's final decision on NZME and Fairfax, we learn why the Privacy Commissioner has not fear of Facebook, and we look at why people are worried about proposed open access to online schooling.
Bill English's frustration was on display yesterday over a 36% pay increase for Adrian Orr that was approved by the board of the New Zealand Superannuation Fund against English's wishes.
Finally, after months of speculation, the Reserve Bank and Steven Joyce confirmed yesterday that Graeme Wheeler would not seek a second term as Governor when his current five-year term ends on September 26.