The New Zealand government will spend NZ$50m on ailing media businesses during the coronavirus-induced downturn.
News organisations have pleaded with Jacinda Ardern’s government for support over the past month, given the advertising streams that funded commercial operations have all but dried up.
On Thursday, two deaths and three new cases were recorded. More than 1,450 people have been infected with coronavirus in New Zealand. A total of 16 have died and eight are in hospital.
Every media business in New Zealand has taken up the government’s wage subsidy program, which covers a portion of salaries for a 12-week period for workers in struggling industries.
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