Uncertainty over the future for hundreds of Newshub workers, following the shock announcement its newsroom will close.
Warner Brothers Discovery executives told staff today they're shutting the newsroom and website, from the end of June.
The former-Mediaworks news company says it's battled financial headwinds and plans to focus on streaming service, ThreeNow, not news.
Media commentator Bill Ralston is predicting he expects more media failures over the next six months.
"Once you start chewing into losses of $100 million, and then more, and then more on top of it- it becomes unstoppable."
Ralston expects some who've lost jobs will head overseas.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com