Discovery’s news dilemma amid mass departures

Madison Reidy is Jarden bound. (Image: supplied)

Fri, 05 Nov 2021

Just over a year ago, US media group Discovery took “a bet on New Zealand” with the acquisition of TV3 from MediaWorks. The American giant’s $20 million outlay appears to be more of a high-risk gamble as the months go on. It was announced this morning that TV3 and Newshub’s top business reporter Madison Reidy is leaving the business at the end of the year, the latest in a long line of departures from the US-owned channel.Reidy jumps ship to investment banking firm Jarden in 2022, following several well-known colleag...

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