Netflix has backed away from its proposal to buy Warner Bros Discovery, clearing the way for Paramount Skydance to win the months-long bidding war.

Warner Bros, which put itself up for sale last year, says Paramount's latest bid was superior to Netflix's, which in turn refused to raise its offer.

The massive media company owns Harry Potter, DC Comics and CNN.

Wall Street Journal's Joe Flint told Heather du Plessis Allan that there are now concerns about major job cuts in the impending merger.

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Netflix has backed away from its proposal to buy Warner Bros Discovery, clearing the way for Paramount Skydance to win the months-long bidding war.
Warner Bros, which put itself up for sale last year, says Paramount's latest bid was superior to Netflix's, which in turn refused to raise its offer.
The massive media company owns Harry Potter, DC Comics and CNN.
Wall Street Journal's Joe Flint told Heather du Plessis Allan that there are now concerns about major job cuts in the impending merger.
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Joe Flint: Wall Street Journal reporter says workers worried about job cuts after Paramount wins bidding war

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/81ce999c-0d18-4b03-a576-b3fe004b9dda/transcript

Tell me if I’m wrong, but it seems to me that every single year the Anglican Church in this country delays repairing the Christchurch Cathedral, the public cares a little less about seeing it restored. And yet again, the Anglicans are asking for money to fix the thing.

You might recall that 18 months ago they asked the government for $60 million. They got a no. So this time, they’re targeting Christchurch ratepayers. They say they’ve stopped any meaningful fundraising and they’re asking ratepayers to plug the gap — a gap of about $45 million. This will now go out to consultation. If ratepayers say yes, the additional cost will simply be added to rates. Whatever your rates are now, expect that cost on top.

I don’t rate the Anglicans’ chances here because rates in Christchurch — like everywhere in the country — are already at record highs. And in Christchurch, they’re proposed to rise another 8% this year. On top of that, the Canterbury Museum has also just asked for another $260 million for its rebuild. There is not a lot of spare money around.

I have to say, as I did 18 months ago, I still find it slightly cheeky of the Anglicans to do this when they own $3 billion worth of assets in this country alone. And that valuation was done six years ago — with inflation, they almost certainly own more now. There is enough there to pay for the entire reconstruction of the cathedral, not just the first stage they’re talking about.

Every year the Anglicans spend trying to find someone else to pay for the restoration of their church, public appetite to restore it must surely diminish. Because every year that passes, more new venues open in Christchurch. Whether small — restaurants, bars, shops — or large, like the convention centre or the new stadium, the city is rebuilding. It’s becoming increasingly beautiful and increasingly fun.

I know the cathedral can’t be replaced by a stadium or a convention centre or a shop. It has a special place for Christchurch. But the Anglicans risk that special place being diluted every single time another special place opens up.

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Tell me if I’m wrong, but it seems to me that every single year the Anglican Church in this country delays repairing the Christchurch Cathedral, the public cares a little less about seeing it restored. And yet again, the Anglicans are asking for money to fix the thing.
You might recall that 18 months ago they asked the government for $60 million. They got a no. So this time, they’re targeting Christchurch ratepayers. They say they’ve stopped any meaningful fundraising and they’re asking ratepayers to plug the gap — a gap of about $45 million. This will now go out to consultation. If ratepayers say yes, the additional cost will simply be added to rates. Whatever your rates are now, expect that cost on top.
I don’t rate the Anglicans’ chances here because rates in Christchurch — like everywhere in the country — are already at record highs. And in Christchurch, they’re proposed to rise another 8% this year. On top of that, the Canterbury Museum has also just asked for another $260 million for its rebuild. There is not a lot of spare money around.
I have to say, as I did 18 months ago, I still find it slightly cheeky of the Anglicans to do this when they own $3 billion worth of assets in this country alone. And that valuation was done six years ago — with inflation, they almost certainly own more now. There is enough there to pay for the entire reconstruction of the cathedral, not just the first stage they’re talking about.
Every year the Anglicans spend trying to find someone else to pay for the restoration of their church, public appetite to restore it must surely diminish. Because every year that passes, more new venues open in Christchurch. Whether small — restaurants, bars, shops — or large, like the convention centre or the new stadium, the city is rebuilding. It’s becoming increasingly beautiful and increasingly fun.
I know the cathedral can’t be replaced by a stadium or a convention centre or a shop. It has a special place for Christchurch. But the Anglicans risk that special place being diluted every single time another special place opens up.
LISTEN ABOVE

Perspective with Heather du Plessis-Allan: When will the Christchurch Cathedral get repaired?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/25d096f4-4349-4eed-8fc0-b3fe00618e7d/transcript

Premium apple demand is at the core of a strong financial result for T&G Global.

Its revenue has increased by 14% to $1.6 billion and its net profit after tax is $16 million, up from a loss of $9.9m.

Global Chief Executive Gareth Edgecombe told Heather du Plessis-Allan that the Chinese and US markets in particular have been buying more of the premium Jazz, Jolie and Envy apples.

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Premium apple demand is at the core of a strong financial result for T&amp;G Global.
Its revenue has increased by 14% to $1.6 billion and its net profit after tax is $16 million, up from a loss of $9.9m.
Global Chief Executive Gareth Edgecombe told Heather du Plessis-Allan that the Chinese and US markets in particular have been buying more of the premium Jazz, Jolie and Envy apples.
LISTEN ABOVE

Gareth Edgecombe: T&G Global Chief Executive discusses strong financial result from premium apple demand

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2b4a95df-03a4-4445-a6ef-b3fe005d7adf/transcript

An economist says benefit sanctions aren't working. 

The traffic light system was introduced last year and beneficiaries who failed obligations like taking part in Work and Income assessments. 

Infometrics principal consultant Rob Heyes says the number of beneficiaries has continued to rise after they were introduced. 

He told Heather du Plessis-Allan that it's goal of getting people into work hasn't come to fruition, and says the job market has been tough with vacancies drying-up. 

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An economist says benefit sanctions aren't working.&nbsp;
The traffic light system was introduced last year and beneficiaries who failed obligations like taking part in Work and Income assessments.&nbsp;
Infometrics principal consultant Rob Heyes says the number of beneficiaries has continued to rise after they were introduced.&nbsp;
He told Heather du Plessis-Allan that it's goal of getting people into work hasn't come to fruition, and says&nbsp;the job market has been tough with vacancies drying-up.&nbsp;
LISTEN ABOVE

Rob Heyes: Infometrics principal consultant says benefit sanctions aren't working

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/affe9943-a633-4f6e-a2f1-b3fe00574c0e/transcript

Joe Flint: Wall Street Journal reporter says workers worried about job cuts after Paramount wins bidding war

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