Sky TV is under threat as it faces the end of its monopoly on pay television and has raised the prospect of viewers switching off when the Rugby World Cup ends.

More than $200 million was wiped off Sky TV's market value after the company said annual profit would fall by up to 11 per cent as the business grapples with rising costs and online competition from streaming services such as Netflix.

Profits tipped to fall by as much as 11pc in the 2016 financial year as the company battles to retain customers against the rise of on-demand streaming.

Sport, movie fans to benefit as Sky combats its cheaper online rivals, writes John Drinnan. The upgrade will be made by downloading apps, or using new set-top boxes where necessary.

Oaktree Capital is still backing MediaWorks chief executive Mark Weldon, amid persistent rumours of change at the top, writes John Drinnan.

Long-serving weather presenter Karen Olsen is leaving TVNZ after more than two decades with the company.

TV3 will be trying out an all-female cast in a new comedy show, in the male-dominated comedy scene.

TVNZ has unveiled a new initiative that merges entertainment and branded content and should provide more revenue from its "On Demand" site.

Apple is hatching plans to create its own original television shows, even making an audacious bid to secure the former stars of Top Gear, it has emerged.

Lee Baker writes and directs TV shows including Neighbours at War and Eating Media Lunch. He is also a member of the Alternative Commentary Collective.

Privatisation is unlikely, but the Government is looking at other ways for TVNZ to get friendly with the private sector, writes John Drinnan.

Sky TV's emerged from its first year of viable pay TV competition with only a few scratches.

Sky TV says profits are up 6.4 per cent, despite a small fall in subscriber numbers.

Jemaine Clement has criticised local television networks, telling a US newspaper they have "no interest in making television comedy in New Zealand at all".

Christina Hendricks was spat at and sat on in high school.

Hilary Barry and Mike McRoberts may no longer be the faces of 3 News when a major revamp takes place later this year.

Mediaworks boss Mark Weldon tells Matt Nippert that despite some grim-looking numbers, the company's strategy is working.

Giuliana Rancic has been replaced on E! News by Maria Menounos.

Jeremy Clarkson, James May and Richard Hammond have signed a reported £160 million ($379.3 million) deal with Amazon to launch a rival to Top Gear, saying they looked forward to working without being "policed" by the BBC.

What exactly is FreeviewPlus, and what does it do? After living with it for a couple of weeks, Karl Puschmann may have finally figured it out.

Better boost your broadband limits again: another television streaming service is launching in New Zealand today.

Sky has announced its channels will be reordered, with the changes coming into effect in September.

New TVNZ chairwoman Joan Withers describes TV One's rating success from 6pm to 7.30pm as "stunning".

NZ On Air will decide on Wednesday whether to fund a new 5:30pm soap opera which TV3 hopes will help boost ratings for 3News, writes John Drinnan.

Freeview's launch of its new Freeview Plus product today marks a fork in the road for free TV, says John Drinnan.

TV3 has upped the ante in the battle for the news ratings.

Major changes are expected for flagship shows on Radio NZ National after the latest survey showed no improvement, writes John Drinnan.

The future of TV3 news and current affairs rests on the success of the new current affairs show called Story, writes John Drinnan.