Fairfax boss warns of 'end game' if merger disallowed

Wed, 07 Dec 2016

By Pattrick Smellie Dec. 7 (BusinessDesk) - The chief executive of Australasian news publisher Fairfax Media, Greg Hywood, warned Commerce Commission hearings on the proposed merger between NZME and Fairfax's New Zealand assets that it would "become endgame" if the merger was disallowed. "We don't have the capacity of deep pockets of private money to subsidise journalism," said Hywood. "There are many proprietorial models where wealthy individuals and families, for social and political influence, own media companies, but we have sharehold...

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