Business
Discovery to Acquire New Zealand TV Channels From MediaWorks – Hollywood Reporter
The deal, financial terms of which weren’t disclosed, includes streaming service ThreeNow and will boost the company’s holdings in the country to eight free-to-air channels.
Discovery has struck a deal to acquire the free-to-air TV business of MediaWorks, New Zealand’s largest independent commercial broadcaster.
The companies didn’t detail financial terms of the transaction, which is expected to be completed by the end of the year.
“The MediaWorks TV acquisition will be Discoverys most significant free-to-air investment in the New Zealand market to date, and includes entertainment channels Three and Bravo, streaming service ThreeNow, and multi-platform news and cu…
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