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Warner Bros. Discovery New Zealand is a subsidiary of Warner Bros. Discovery that operates several television channels in New Zealand. It operates five national free-to-air television channels, eight pay-TV channels on Sky and the Newshub service. It was formerly known as MediaWorks TV and operated as a subsidiary of MediaWorks New Zealand between 2004 to 2020. In 2019, MediaWorks announced that they were selling their television operations. In September 2020, Discovery, Inc. purchased MediaWorks TV with the acquisition being finalized on 1 December 2020. The subsidiary was subsequently rebranded as Discovery New Zealand. History Three was founded as TV3 in 1989 after the Fourth Labour government allowed for a private television broadcaster. CanWest obtained TV3 between 1991 and 1997 after the National government loosened rules on foreign ownership. Under CanWest control, TV3 relaunched in March 1998 with a new brand and a ''3 News'' bulletin hosted by John Campbell and Ca ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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TV3 Plus 1
Three ( mi, Toru), stylized as +HR=E, is a New Zealand nationwide television channel. Launched on 26 November 1989 as TV3, it was New Zealand's first private broadcasting, privately owned television channel. The channel currently broadcasts nationally (with regional advertising targeting four markets) in digital free-to-air form via the state-owned Kordia on terrestrial and satellite. Vodafone also carries the channel for their cable subscribers in Wellington and Christchurch. It previously broadcast nationally on analogue television until that was switched off on 1 December 2013. Three is a general entertainment channel owned by Warner Bros. Discovery New Zealand, Warner Bros. Discovery, with a significant news and current affairs element under the banner of Newshub. Three carries a significant amount of local content, most of which airs at prime-time. History Establishment Applications to apply for a warrant to operate New Zealand's third national television network opened ...
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