The mainstream media industry is shrinking, and television is leading the way out.
Newshub has confirmed its closing on July 5th, while TVNZ is cutting four of major programmes.
Media and Communications Minister Melissa Lee says the global market is facing the same difficulties.
She's written a cabinet paper on the media sector but hasn't disclosed any details.
Former TVNZ news boss and TV3 political editor Bill Ralston told Mike Hosking that the Government could step in and do something about it.
He says Melissa Lee has no idea of what she's doing really and is basically saying her hands are tied.
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