A sad day for Newshub staff with closure confirmed, and about 250 jobs lost.

Warner Bros. Discovery have told staff there's no planned deal 'at this stage' with third parties.

Newshub investigations reporter Michael Morrah says it's tough.

"It's a huge loss for the country and for democracy- and of course, it's devastating for us here at Newshub."

Newshub's newsroom, website and TV news will go offline on July 5.

LISTEN ABOVE

• Newshub shutdown won't be the last for media woes, expert warns
• Newshub set to close at end of June, Warner Bros. Discovery staff devastated
• Newshub closure: Is NZ too small for two TV networks?
• Why is Newshub closing? What we know about the decision to axe the broadcaster