The Government has announced plans to have TVNZ and RNZ merged by the middle of next year.
Broadcasting and Media Minister Kris Faafoi confirmed the news.
Faafoi said that the entity would operate under a charter, set out in legislation, and provide trustworthy news as a core service.
Its obligations would include having to provide public media content to all New Zealanders, including groups who are currently under-serviced or under-represented.
In addition to Government funding, the new entity will carry advertising. However, services that are currently commercial-free will remain so once the change happens.