Fairfax Media writes down NZ assets by A$95.3 million

Mon, 01 Aug 2016

By Edwin Mitson Aug. 1 (BusinessDesk) - Fairfax Media, which is currently in talks to merge its New Zealand business with NZME, has written down the value of its NZ assets by A$95.3 million. ASX-listed Fairfax, which owns the Stuff website and regional titles around the country, is currently in talks with NZX-listed NZME to merge in a deal that is being considered by the Commerce Commission. NZME owns the Auckland-based NZ Herald and the Newstalk ZB radio station, as well as the Grab-one deals website. ASX-listed APN News & Media demerge...

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