Sky TV Buys Three for $1 in Massive Media Shake-Up

Warner Bros. Discovery Just Sold Some of Its Cable Channels for $1

As the media landscape continues to change, and streaming becomes a priority, Discovery New Zealand has a new owner. Sky New Zealand (Sky) and Warner Bros. Discovery (WBD) announced recently that Sky will purchase 100% of the shares in the local WBD subsidiary Discovery NZ Limited (Discovery NZ). Discovery NZ owns and operates Three, ThreeNow, […]

Sky TV New Zealand Will Buy Warner Bros. Discovery New Zealand for $1

Sky TV New Zealand has announced that it will buy Discovery New Zealand, which owns and operates free-to-air channel Three and its streaming platform ThreeNow, for just $1. The deal was set up on a cash-free, debt-free basis. With the agreement, Discovery will retain ownership of its remaining assets, including Pay TV channels, streaming service […] The post Sky TV New Zealand Will Buy Warner Bros. Discovery New Zealand for $1 appeared first on …

Sky taking the reins at Three makes sense for everyone

MediaRoom column: TV3 was New Zealand’s first privately owned television station but in 35 years of operation it has lost well north of $1 billion in total for a string of local and overseas owners. While it produced some great TV it was also a great destroyer of shareholder value. The latest owner, US giant Warner Bros. Discovery finally cried enough and gave it away to Sky for less than you’d tip a waiter. Warners must have been close to shutt…

Sky New Zealand spends $1 to acquire WBD's New Zealand TV networks

The New Zealand studios of Warner Bros Discovery. (Photo via Google Street View) Sky New Zealand has reached a deal to acquire Warner Bros Discovery’s (WBD) television networks and streaming platforms in the country for the novelty sum of just $1. The deal announced on Tuesday includes the network Three and the streaming platform ThreeNow, as well as cable channels HGTV, Eden and Rush. Sky New Zealand — which has no connection to Comcast’s Sky G…

New Zealand TV Station Sells for $1

When privately-owned free-to-air television finally came to New Zealand on Nov. 26, 1989, it was seen as the harbinger of a new era, and for a while it was. Television New Zealand (TVNZ), then and still state-owned, was seen as staid and unadventurous. With deregulation that year, the new channel, TV3, ended its monopoly and gave New Zealanders a choice in where they got their TV news. It was then owned by MediaWorks, which had grown out of Radi…

Sky New Zealand Buys Local Warner Bros Discovery Channels For 60 Cents

Sky New Zealand has acquired Warner Bros Discovery’s local channels business for a token sum of NZ$1 (60¢). The surprise deal will see Sky becoming New Zealand’s dominant TV media player by acquiring 100% of the shares in Discovery NZ from Discovery Networks Asia-Pacific, a subsidiary of WBD, on a cash-free, debt-free basis. It will […]