Australia’s commercial television networks are in trouble. Not simply because of the Coronavirus but because they failed to develop effective strategies to counter the arrival of Netflix and other ‘streaming’ platforms – something anticipated long before it happened.
Last week the federal government threw the struggling networks a financial lifeline. It includes subsidies and deferred or waived fees and it reflects savage advertising revenue declines. Sadly for the viewing public however, local drama, children’s and documentary content quotas have been suspended.
You know the tune, so let’s all sing along: Oh dear, what can the matter be?
Or, if you prefer AC/DC, “Dirty deeds, done dirt cheap”. As we approach the NBN’s nominal completion date of June this year the decision to dump 21st Century fibre and cobble something together using old copper wires and run-down Pay TV cables has left too many Australians humming a very sad tune.
The release this week of the latest financial report from NBN Co underscores what a debacle we have on our hands.
The boss of the ACCC, Rod Sims, has told The Australian “its recent dealings with the retail telcos has highlighted a weakness with the fibre-to-the-node (FTTN) access technology”.
For numerous broadband experts, not to mention millions of hapless NBN customers, this might be seen as a classic ‘no shit Sherlock’ moment. However, it is probably the most significant recent development in the long running saga that began with Labor’s 21st Century fibre-based national broadband network, only to end in tears for so many when former prime minister Tony Abbott ordered his heavily-wedged communications minister, Malcolm Turnbull, to “destroy” the NBN.