New Zealand a 'dangerous hunting ground' for media acquisitions, Morningstar says

Mon, 08 Jan 2018

By Sophie Boot Jan. 9 (BusinessDesk) - New Zealand's media industry has been a "dangerous hunting ground" for international acquisitions and growth in the sector is elusive, according to research house Morningstar. A report by Morningstar on potential expansion by ASX-listed Southern Cross Media Group says the company's desire to expand into New Zealand has been an open secret in the industry, so recent media reports that Southern Cross has walked away from that ambition after failing to buy MediaWorks' radio assets have come as a relief...

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