New Zealand Parliament Passes Legislation to Scrap Advertising Restrictions, Boosting Local Media Revenue
Legislation passing third reading in Parliament today will eliminate advertising restrictions for broadcasters on Sundays and public holidays, according to Media Minister Paul Goldsmith. The aim is to ensure local media companies are not disadvantaged compared to digital streaming platforms. The change is expected to generate around $6 million annually and is seen as necessary due to the increasing popularity of streaming services like YouTube in New Zealand.