Mediaworks have zero contrition over RBNZ embargo breach

via RNZ

via RNZ

Instead, they’re taking a stance of indignation.

MediaWorks says it’s concerned and disappointed that the Reserve Bank has decided to exclude its journalists from media conferences, following the leak of the RBNZ’s Official Cash Rate (OCR) announcement on March 10.

The RBNZ today sent out details of an upcoming media conference about the Bank’s six-monthly Financial Stability Report. The invitation contained a note saying MediaWorks representatives would be excluded from such conferences “until further notice”.

MediaWorks, which owns Newshub, says the decision is concerning.

“Whilst MediaWorks has unreservedly apologised and accepts full responsibility for the OCR announcement breach, we are concerned and disappointed by the decision to exclude us from Reserve Bank media conferences,” the company says in a statement.

After the leak of the OCR, Deloitte’s forensic unit carried out an investigation into what happened, finding that a Newshub journalist had sent information from the media lock-up to the Newshub office.

From there it was passed on by another person to a blogger, who told the RBNZ about the leak after the official announcement.

The professional journalists at Mediaworks are blaming “the system”.  And “the system” has now been fixed, so they should be allowed back in the room with all the other grown-ups.

You have to admire the arrogance.

But that comes from the same crew that broke a number of laws, including impersonating a police officer and firearms related offences, and blamed the police and the law for their actions using the now infamous “loophole” defence.

Mediaworks are rudderless.


– Newshub

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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.

To read Cam’s previous articles click on his name in blue.