Concentration of NZME, Fairfax tie-up a concern irrespective of financial gains: ComCom

Mon, 07 Nov 2016

By Paul McBeth Nov. 8 (BusinessDesk) - The financial gains delivered by merging the country's two biggest publishers - NZME and Fairfax New Zealand - would be a concern irrespective of their size given the concentration of power and ability to influence opinions, the Commerce Commission says. In a draft determination against authorising a merger of the media groups, the antitrust regulator says it would be concerned irrespective of the size of financial gains because of the sweeping change to the industry landscape. The commission estima...

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