Are we nearing a media meltdown?

The media sector has been rocked by some tough news this year. We’ve seen the closure of Today FM, the canning of The Project, restructuring at major news providers and a staggering report that MediaWorks faces an uncertain future. There are now even concerns that the cracks are starting to show in radio listenership. This comes after two decades, during which media companies have seen their business model absolutely disrupted by big tech. Newsrooms have contracted, while the balance sheets of Google and Meta have ballooned.  So why are media companies struggling so much right now? And what does the future hold for the Fourth Estate?  Today on The Front Page, Duncan Greive, founder of The Spinoff and host of media industry podcast The Fold, is on The Front Page to discuss what comes next for the storytellers in New Zealand’s newsrooms. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Damien VenutoProducer: Shaun D WilsonExecutive Producer: Ethan SillsSee omnystudio.com/listener for privacy information.