300 Laid Off as Major New Zealand Media Company Closes

Warner Bros. Discovery said the decision to close the brand resulted from a review of profitability after a decline in advertising revenue.

Samanatha Hayes and Mark Jennings present Newshub which has been canned by Warner Bros. Discovery with the potential loss of 2,300 jobs. Michael Bradley/Getty Images

One of New Zealand’s leading media companies providing free-to-air television and online news is set to close by the end of June, following an announcement by its parent company Warner Bros. Discovery on Feb. 28.

Newshub, which produces a 6 p.m. bulletin, a late edition, and an online news platform, is a major player in the country’s media landscape. It operates as the news arm of TV Channel Three, which was established in 1989 to compete with the state-owned broadcaster TVNZ.