Fairfax, Stuff and NZME to appeal High Court decision which blocked merger

February 5, 2018 10:24

Fairfax Media, Stuff (the recently renamed Fairfax New Zealand) and NZME are set to appeal the High Court’s decision which ultimately stymied the merger between the two companies.

The companies first flagged their intentions to join forces in 2016, when it was reported NZME would pay NZ$55m to acquire Fairfax New Zealand’s assets, with Fairfax Australia also gaining a 41% share in the company.

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Vivienne Kelly

Vivienne Kelly was previously the editor of Mumbrella from 2016 to August 2020.

Topics

Fairfax Fairfax Media Fairfax Media NZ merger New Zealand Commerce Commission newspapers NZCC NZME print media Stuff

1 COMMENTS

Investor 5 Feb 18

Looks like a big fat waste of money. Between them these companies employ virtually all the working reporters in NZ. An appeal court would need to be deaf dumb and blind to see anything but monopolist outcomes for NZ news.

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