Hard News by Russell Brown

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Hard News: A cog in the Mediaworks machine

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  • Berinthia Binnie, in reply to Alfie,

    It would be interesting to know if this is an LAQC (Loss Adjusted Qualifying Company) – they’re incorporated and approved by the IRD to record losses.

    It is my understanding the LAQC benefits have been screwed down significantly over the past couple of years……..

    Since Sep 2015 • 23 posts Report Reply

  • TracyMac, in reply to Rich of Observationz,

    It’s avoidable though, I think. Dave Stewart has always managed it

    Dave Stewart is not and has never been an attractive young woman with a worldwide hit before the age of majority. When his music career started, there sure as hell wasn't anything we'd call social media - just the music press. These days, he's nearly always just a back room knob twiddler (er, excuse the phrase), and no-one pays attention to those unless they're close to the trade or the person concerned makes a point of seeking out celebrity.

    Yes, maybe someone young and attractive who becomes internationally well-known in music these days can avoid sleb hype, but it would be very difficult.

    I don't blame most of them for putting themselves out there on social media in an attempt to craft their own image before it gets imposed on them. Frankly, I wish that some of them learned much faster how to present their image (and that that image should be - sorry for the hackneyed term - carefully curated for public consumption).

    Canberra, West Island • Since Nov 2006 • 701 posts Report Reply

  • Deborah, in reply to Berinthia Binnie,

    LAQCs don't exist anymore. They used to be pretty effective vehicle for transferring losses to owners (shareholders) so that owners could deduct the losses from their other income (eg. salary and wages) and get a reduced tax bill. But they got turned into Qualifying Companies from 1 April 2011, and since then, you haven't been able to set up new Qualifying Companies either.

    The new version is a Look Through Company - LTC. They're also a pretty effective vehicle for transferring losses to owners (shareholders), but they're a bit more transparent, and some of the jiggery-pokery that you could engage in with LAQCs has been removed.

    So that will be why you've heard that LAQC benefits have been screwed down in the last few years.

    /taxnerd

    New Lynn • Since Nov 2006 • 1447 posts Report Reply

  • Rob Stowell, in reply to Deborah,

    /taxnerd

    This stuff is vital! I’ve occasionally skirmished with people who talk about income inequality, and especially how it has more-or-less evened out in NZ and isn’t increasing.
    As far as I can make out, the data for, eg GINI all comes from the tax dept, and it’s not gross income, it’s taxable income. The first thing anyone with money does is get a good tax accountant. There are a bunch of ways to minimise your tax – in a country with no CGT it’s child’s play.
    It seems pretty clear that wealth in NZ – and especially since property went ballistic – is far less equal than the GINI indicates.
    </wouldbeNerd>

    Whakaraupo • Since Nov 2006 • 2110 posts Report Reply

  • B Jones,

    I pulled out Deborah's arguments about secondary taxation a while ago in conversation with relatives who thought it was terribly unfair. Always useful to have some reality inserted into subject that everyone has opinions about but few people have expertise in. Yay taxnerds.

    Wellington • Since Nov 2006 • 976 posts Report Reply

  • Robyn Gallagher, in reply to Rob Stowell,

    There’s a problem not owning ALL the media. Competitors will run stories that don’t fit yr framing :)

    Actual lolz that Stuff's story is basically 400 words based on celeb tweets.

    Though it promises a slight external focus by concluding "Mediaworks has been approached for comment.".

    Raglan • Since Nov 2006 • 1946 posts Report Reply

  • Rob Stowell, in reply to Robyn Gallagher,

    Actual lolz that Stuff’s story is basically 400 words based on celeb tweets.

    There’s a serious undertone, I thought. I get the sense Mediaworks news staff are pretty deeply unhappy. I’d be surprised if Jennings doesn’t feel extremely queasy about ‘Scout’.
    There’s an ‘End of Days’ feel about TV3 at the moment. Unlike Christie and Weldon, I think Jennings has the character to go down with the ship.

    Whakaraupo • Since Nov 2006 • 2110 posts Report Reply

  • Berinthia Binnie,

    Redundant battlecry...kill your television, rest assured Ned, it's killing itself.

    'We' make stuff, the other half satisfyingly banged out a series of vessels recently called "New Twist on an Old T.V Series" made from melted tellies, they have a vortex inside.....you can stare at 'em for ages.

    Since Sep 2015 • 23 posts Report Reply

  • Rob Stowell, in reply to ,

    old CRT screen are actualy Crystal glass.

    I didn't know. But they make a bloody good bang when they implode :)

    Whakaraupo • Since Nov 2006 • 2110 posts Report Reply

  • tony j ricketts, in reply to Russell Brown,

    Francis Cook

    I think you'll find it's Frances Cook, who was female last time I talked with her.

    wellington • Since Aug 2012 • 41 posts Report Reply

  • Russell Brown, in reply to tony j ricketts,

    I think you'll find it's Frances Cook, who was female last time I talked with her.

    I think you'll find it's Francis Cook, who was male last time I looked at his photograph.

    Although you're not the only one to be confused about this.

    Auckland • Since Nov 2006 • 22848 posts Report Reply

  • Russell Brown, in reply to Rob Stowell,

    There’s a serious undertone, I thought. I get the sense Mediaworks news staff are pretty deeply unhappy. I’d be surprised if Jennings doesn’t feel extremely queasy about ‘Scout’.

    I'd be very surprised, especially if Damian Christie's right about the 6pm news being preceded by five minutes of Scout content.

    There’s an ‘End of Days’ feel about TV3 at the moment. Unlike Christie and Weldon, I think Jennings has the character to go down with the ship.

    You know, for years, Jennings ran a newsroom where hardly anyone left, even for better money. Look at what's happening now.

    I've even heard horror stories about management from inside the marquee event productions. Weldon and Christie are burning the place down in pursuit of their bonuses.

    But let us not forget that a lot of good people still work there and are doing their best to do good work. Bomber slapping himself on the back because his thinks his boycott is working is a pretty tragic sight.

    Auckland • Since Nov 2006 • 22848 posts Report Reply

  • Mark Graham,

    How do Mediaworks' bosses feel about her using their new toy to promote nonsense gossip about their main competitor's star attraction? Just asking...

    Auckland • Since Nov 2006 • 217 posts Report Reply

  • Mark Graham,

    Well at least we know what some of her TV3 colleagues feel… http://www.stuff.co.nz/entertainment/72030240/mediaworks-staff-turn-on-scout-rachel-glucinas-new-gossip-site

    lovely….

    Auckland • Since Nov 2006 • 217 posts Report Reply

  • Jason Kemp,

    Surely the positive here is that the Scout person is NOT on the Herald site any more and can more easily be ignored.

    Auckland • Since Nov 2006 • 368 posts Report Reply

  • Russell Brown, in reply to Mark Graham,

    How do Mediaworks' bosses feel about her using their new toy to promote nonsense gossip about their main competitor's star attraction? Just asking...

    Yes, that really surprised me. I don't see how that works for Mediaworks.

    Auckland • Since Nov 2006 • 22848 posts Report Reply

  • Rob Stowell, in reply to Mark Graham,

    her using their new toy to promote nonsense gossip about their main competitor’s star attraction?

    It's a little curious. Hosking probably rang, they discussed the new show, she was stuck for an exclusive, he said - if you're desperate, and you've got a stringer handy, I'll pop out to vacuum my Italian dream car.
    Oh how they chuckled.

    Whakaraupo • Since Nov 2006 • 2110 posts Report Reply

  • Alfie, in reply to Deborah,

    /taxnerd

    Thanks Berinthia and Deborah for that clarification. It's nice to learn something new every day. ;-)

    Dunedin • Since May 2014 • 1438 posts Report Reply

  • simon g,

    They duly gave us the One Minute goss floss at 5.59 on TV3. It was all international celebs, as seen on a thousand other websites. If you really want to know what Taylor Swift is doing, try the internet.

    Auckland • Since Nov 2006 • 1330 posts Report Reply

  • andin,

    What Glucina will do day-to-day

    Her nails?
    sharpening, shaping, curving oh luverly!

    raglan • Since Mar 2007 • 1891 posts Report Reply

  • Sacha,

    Ak • Since May 2008 • 19740 posts Report Reply

  • Hilary Stace,

    Story just did a puff piece promoting National Party spin doctor Bill Ralston as a candidate for the Auckland City Council next year. Had a whole lot of stupid clichés about council spending across NZ worthy of the ACT party (but only in towns where the mayor is mildly left wing). Political agenda definitely showing.

    Wgtn • Since Jun 2008 • 3226 posts Report Reply

  • Sofie Bribiesca, in reply to Dave Dobbyn,

    They should rename the show 'Snout'

    Absolutely! I shall refer to it as such. To be honest though ,I can't think of anything more vile than having any of my attention wasted on such a sick concept as this is. I mean, how low is TV3 prepared to go? This country seems more surreal by the day.
    The herald is heading that way too. If one doesn't want celebrity news on their site and you click news , it's sport. WTF?

    here and there. • Since Nov 2007 • 6796 posts Report Reply

  • nzlemming, in reply to Hilary Stace,

    Story just did a puff piece promoting National Party spin doctor Bill Ralston as a candidate for the Auckland City Council next year. Had a whole lot of stupid clichés about council spending across NZ worthy of the ACT party (but only in towns where the mayor is mildly left wing). Political agenda definitely showing.

    Cameron Brewer has been pushing the same line #usualsuspects

    Waikanae • Since Nov 2006 • 2935 posts Report Reply

  • Steve Barnes,

    It appears TV3 is suffering from Glucina...
    Sorry, glaucoma.
    /coat...

    Peria • Since Dec 2006 • 5521 posts Report Reply

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