Media merger: public benefit not limited to economic considerations - Appeal Court

Wed, 26 Sep 2018

By Paul McBeth Sept. 26 (BusinessDesk) - The Commerce Commission has never been limited to balancing strictly economic considerations when gauging whether a merger passes a public benefit test, the Court of Appeal says. The court earlier this week declined Stuff and NZME's bid to toss out the commission's rejection of the firms' planned merger. Today, Justices Stephen Kos, Forrie Miller and Raynor Asher released the full judgment shooting down the companies' arguments that the Commerce Act required the regulator to rule only on efficienc...

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