TVNZ has decided not to renew its option on the TV ONE show Wheel of Fortune.
The daily 5.30 show will now finish up mid year, and will be replaced by MasterChef.
TVNZ’s General Manager of Commissioning, Andrew Shaw, said Wheel of Fortune was a very popular and well-made show, but like all local programming it was expensive to make and the impact of the recession meant it was not achieving an adequate return from advertising.
He said despite the best efforts of the producers to cut the cost of production, this had not been successful and TVNZ had made the decision to divert its resources into protecting its peak-time programming.
Andrew Shaw said that the production contract for Wheel of Fortune had contained an option to decide at this point whether to continue or not, since it was known that the trading environment was likely to be difficult.
“It’s a great show, and in other circumstances we would have been happy to continue,” he said. “This is simply a reflection of the times.”