Mediaworks stopped just short of destroying Budget Lock-up then

via Scoop

via Scoop

Treasury chief executive Gabriel Makhlouf says a media lock-up for the Budget will go ahead as usual but the practice could be reviewed in future.

Mr Makhlouf has written to media, saying he had “taken stock” of Treasury’s stance on the three-and-a-half-hour media “lock-up” before the Budget after the Reserve Bank announced it was cancelling all lock-ups following the discovery of a leak of information by Newshub, which is owned by MediaWorks.

Mr Makhlouf said he had decided the briefing for the Budget on May 26 would continue as usual. “However, I will continue to review both the overall status of future Budget briefings, and the ability of organisations to attend, in light of the adherence to lock-up conditions.”

He warned media of the importance of the embargo rules, saying a “high degree of trust” was placed in media at the lock-ups. The Budget lock-up is held at Parliament and attended by media, commentators and analysts. Under the lock-up rules nobody can receive or transmit information from outside the room until the Budget is formally released at 2pm.

Treasury warns it will monitor compliance with that.

The Reserve Bank should just have punted Mediaworks for a number of years.  Tarring all media with the same brush was a bit extreme.  They probably hate doing them, so they used the excuse to just cancel it and send everyone an email at the same time.

As for the budget lock-up, there is a lot of analysis that is provided to media before they are released into the wild.  This is essential so that in the scramble to get everything out at the same time, the accuracy and detail doesn’t suffer.

These days 80% of the budget content has already been pre-signalled through speeches and press releases, but it still needs time to get on top of the detail.


– NZ Herald

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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, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.