Newshub's entire news operation will close for good, it has been confirmed.
An all-staff meeting was held Auckland this morning, attended by Samantha Hayes, Mike McRoberts, Patrick Gower about about 200 other staff members, with more joining via Zoom.
The outlet's final day will be July 5th, according to Newsroom's Tim Murphy.
"There was nothing anyone in our New Zealand networks business could have done better," Newshub's owner Warner Bros Discovery said. "It was a combination of very strong economic headwinds both in New Zealand and the global market."
One Newshub employee told The Herald they could tell the impending news was going to be "bad" as the three executives on stage "looked so grim".
After the meeting, Patrick Gower told the media that his Newshub coworkers are "friends of all Kiwis."
"250 amazing people have lost their jobs," he said. They're coming out now and they're good friends of mine, but they're also friends of all Kiwis."
"We're losing something amazing today. 250 people amazing people, doing amazing stuff."
Senior investigative reporter Michael Morrah led a proposal to save the news operations but said after the meeting that "we're absolutely gutted that they've decided against adopting our proposal."
Yesterday it was announced that TVNZ will be shutting down 'Fair Go', 'Sunday' and their midday and 10 PM news bulletins.
