Kiwi finance news site NBR suing its own customers
Stop the steal: NZ's NBR has taken big organisations to court over subs
New Zealand premium finance masthead NBR is taking some of its biggest customers to court, alleging they are cheating on subscriptions.
The extraordinary move has already netted the publication “hundreds of thousands of dollars” as government departments and big businesses have been forced to ensure all workers accessing the content have subscriptions.
Founded in 1970, NBR (full name “The National Business Review”) is one of New Zealand’s established finance publications and now has around 14,000 subscribers. It carries no advertising, relying on subscription revenue.
Last year owner and publisher Todd Scott began fiercely pushing for organisations such as the Internal Revenue Department (IRD – New Zealand’s tax collector) to stop distributing NBR articles and take out an appropriate number of subscriptions.
