NZME demerger risks giving Fairfax upper hand in tie-up talks, Credit Suisse warns

Tue, 21 Jun 2016

By Pattrick Smellie June 21 (BusinessDesk) - The demerger of NZME from its parent, APN News & Media, risks giving rival publisher Fairfax Media the upper hand in the detailed talks still to come to create a merged media group from NZME and Fairfax's New Zealand assets, say investment advisers Credit Suisse. In a note to clients dated June 16, senior Credit Suisse analyst Arie Dekker says if the NZME demerger "is completed before negotiations are completed on transaction terms with Fairfax Media, then we wonder whether Fairfax Media may ha...

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