OPINION

Bold, Focussed and Determined, that’s The BFD and we are proud to announce the buyout and the rescue of Stuff in order to properly protect journalism in New Zealand.

Brash and positive are some of the words being used to describe the buyout of Stuff by the BFD.

The previous owner of Stuff, Sinead Boucher, bought Stuff from its Australian owners Nine Entertainment for $1. The BFD has paid a undisclosed sum reflecting the true value of Stuff.

The BFD has signalled plans to develop an ownership model that would give staff a shareholding stake in the business, something that former owner Sinead Boucher promised but never delivered.

Broadcasting Minister Melissa Lee said the deal ‘will finally deliver proper journalism to New Zealand, rather than the activist propaganda encouraged by the former Government’.

‘In terms of the Government’s further long-term strategy to support New Zealand’s media sector and ensure a strong, sustainable, independent and diverse news media, we are continuing to work through the details with the aim of having more to say on that in the coming weeks, but it is fair to say that the Government will be looking at calling in the Public Interest Journalism Funds loaned to media outlets and cease all government advertising for biased media outlets,’ Lee said.

“Today is an important moment for Stuff as a business,” the BFD’s spokesman said.

“It is great to take control and expand the opportunity to build further on the trust of New Zealanders, who are in desperate need of quality journalism rather than leftist propaganda.

“We are looking forward to working closely with staff, customers and our audiences as we embark upon what we believe will be a great new era for the business and the independent journalism it is built on.”

One immediate change that will be evident is the re-opening of Stuff regarding the climate change debate. The science is clearly not settled, so Stuff will now embark of a new era of truth-seeking, said the spokesman.

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Expenses are growing, ad revenue is shrinking. Things have to change otherwise we will need to cut services. We don’t want to have to do that. It’s really up to you.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news,...