NZME signs deal with Meta; out of NPA collective bargaining process

NZME likes Meta. (Image: Deposit Photos)

Wed, 13 Apr 2022

NZME has signed a commercial deal with Meta that will see the Silicon Valley giant support the news group on “digital transformation projects”.The owner of the NZ Herald and BusinessDesk confirmed the transaction to the NZX this morning, after confirming “advanced” talks at its annual meeting this week.The deal is NZME’s second major transaction with Big Tech in as many months. The news group agreed a money-for-content arrangement with Google in March, which is expected to boost annual earnings to $67 million to $7...

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