Media Works

Media Works

The first brand in the group which eventually created MediaWorks was TV3. In 1989, New Zealand's broadcast industry was deregulated. TV3 commenced operations that same year, and was floated. Its start was somewhat shaky, and in 1990 it was placed in receivership and then de-listed in 1991.

The company remained in receivership until the government freed up foreign ownership laws in December 1991, allowing the Canadian broadcaster CanWest Global Group to buy 20% of TV3. Over the course of the next few years, CanWest gradually bought more of the station until it gained 100% ownership in November of 1997.

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Read 1599 times Last modified on Tuesday, 24 February 2015 23:52
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