Officials warned the Broadcasting Minister in November that media companies would soon be requesting bailouts if the government didn't progress a law forcing digital platforms to pay for local content.
Staff from the Ministry for Culture and Heritage sent out the advice months before the collapse of Newshub.
Melissa Lee says she is waiting to hear from the select committee in May before deciding whether to go ahead with the bill.
RNZ investigative reporter Guyon Espiner spoke to Ingrid Hipkiss.
