APN on track to announce IPO of NZME in coming weeks

Wed, 08 Oct 2014

By Suze Metherell Oct. 8 (BusinessDesk) - APN News & Media is still considering floating its New Zealand media unit, rebranded as NZME, with a board appointment announcement this afternoon expected to show the Australian parent isn't considering a trade sale. Last month, the Sydney-based media company renamed its New Zealand operations, which include The New Zealand Herald, GrabOne and The Radio Network, under one roof as NZME. Earlier that month APN said it was mulling an initial public offer on the NZX, while retaining a 40 percent stak...

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