Media merger appeal in court today

Sun, 15 Oct 2017

By Sophie Boot Oct. 16 (BusinessDesk) - New Zealand's two largest news publishers will today take their merger appeal to the High Court, following the Commerce Commission's rejection in May. NZX-listed NZME and Stuff, the recently renamed New Zealand arm of ASX-listed Fairfax Media, applied to merge in 2015, arguing the downside of more concentrated local media ownership would be offset by the merged entity's greater ability to survive the global competition for local advertising dollars caused by the rise of online search and social medi...

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