Nearly 30 years after New Zealand's first private TV company was launched, its money-losing TV arm is up for sale.
The decision comes just days after the company announced it would axe or scale back back some of its popular shows like New Zealand Today and 7 Days.
MediaWorks says it wants to get out of the increasingly tough free-to-air-TV market and focus on its profitable radio and advertising businesses.
Karyn asks Midweek Mediawatch's Colin Peacock what this latest announcement really means.
Jeremy Corbett - and a slice of cheese - on 7 Days Photo: screenshot /3Now
