PATTRICK SMELLIE: Time to let NZME and Stuff merge?

Tue, 14 Apr 2020

NZME's latest market update made ugly reading.Hot on the heels of February's annual result - where NZME booked a $175 million writedown on the value of its masthead titles - was news that the firm's headcount is in the process of being cut by 200 - roughly the size of the total staff at Bauer media.Meanwhile, Herald journalists are taking three month pay cuts and using up their annual leave. Senior management and board members have taken a 20 percent pay cut.Of course, many companies are taking similar measures during the cashflow crisis occasi...

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