Rumours are ramping up across the ditch that Seven may buy the beleaguered MediaWorks television business, Three.
MediaWorks formally put its loss-making television business on the block in October, with Seven rumoured at the time to be a potential buyer.
NZ news site Stuff now reports Seven West Media is in discussions to buy Three and MediaWorks’ Newshub journalism business.
There is speculation Seven would screen more syndicated Australian and US content. Andrew Backwell, Director of Production at Seven Studios, is a former programming consultant for Three.
Three currently screens NZ editions of The Project, Dancing with the Stars and The Block but with no commitment to a new season of Married at First Sight to square off against TVNZ’s The Bachelorette New Zealand.
MediaWorks’ majority owner, United States private equity company Oaktree, is understood to have decided to call time on the television business after state-owned TVNZ got the green light from the Government to stop paying dividends and dip into its reserves for a $60 million three-year spend-up to grab audience share.