"Inexplicable": RNZ faces independent review after deficit balloons to almost $12m

RNZ's board has a lot of unanswered questions over who's to blame for its shocking financial situation.  

The public broadcaster's anticipated $470,000 deficit has turned out to be almost $12 million.  

It's due to a mix of one-off events and overspend. 

As a result, 58 jobs are expected to be cut.  

It follows the abrupt departure of chief financial officer Hilary Parker last month. 

RNZ chair Brent Impey told Mike Hosking an independent investigation will be held to find out why senior leadership weren't aware of the situation. 

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