Californian investor bets on NZME’s digital future

NZME still earns most of its income from legacy products. (Photo: supplied)

Mon, 14 Mar 2022

NZME has attracted another Californian investor onto its share register, as it attempts to replicate the New York Times’ successful pivot to digital media.Repertoire Partners, a newly established investment fund, has taken a 5% stake in NZME and has another 7% of exposure through derivative contracts managed by UBS Group.Managing partner Deepak Sarpangal said he thought the company was “inordinately underappreciated” by local investors.He said NZME was priced too low because there was still a perception that news businesses we...

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