A very long time ago when I was an NBR media commentator, a senior Treasury official asked me what I thought about the future of TVNZ. I told him that its hyper-commercialism was driving viewers away; that people were sick and tired of ads and much of the network’s ratings-driven programming.
He paused, stroked his chin and looked into the distance. “Hmm” he said. “Here, we would call that a long term strategic loss.”