TVNZ's potentially looking at a challenge as it looks to further compete against streaming sites. 

The state broadcaster's consulting with staff on shutting its 1News website in February and investing in streaming service TVNZ+. 

TVNZ has a savings target of $30 million and has already axed its midday and late night news bulletins, as well as said goodbye to its 'Fair Go' show. 

Media commentator Gavin Ellis told Mike Hosking there are some huge risks. 

He says it's moving from a broadcast environment where they're a dominant player into a streaming environment with the likes of Netflix. 

LISTEN ABOVE