Fairfax Media confirms approach by potential buyer for NZ unit; says not in talks

Wed, 07 Dec 2016

By Tina Morrison Dec. 8 (BusinessDesk) - Fairfax Media, which plans to merge its New Zealand media business with rival NZME, confirmed speculation it had been approached by a third party about the acquisition of its New Zealand unit, but said it's not in talks with the potential buyer. Sydney-based Fairfax and Auckland-based NZME want to merge their media businesses, a move the anti-trust Commerce Commission rejected in a draft determination last month, fearing loss of media plurality. The National Business Review today reported Fairfax h...

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