DAMIEN SMITH: I'm coming back to the bill. This Government is happy with this business model. They don't understand that this is how value is created in society. It's not how the world works. Most businesses can't do it that way. This new public media entity seems to have lucked out, though. The TVNZ board might be a bit concerned about what's going to happen when Radio New Zealand moves in. But to the new board: fear not. You're not going to have to boost revenue to make up for the sudden $50 million liability, says the Cabinet paper. This new entity would not be expected to maximise its commercial revenues. This is the Labour dream. So how is the Minister going to ensure he gets value for money out of this? I don't think value for money has even crossed this Government's mind and certainly hasn't under this framework. They've appropriated 38 million bucks, the $390 million just to establish this new entity, and ACT says that's a waste. 