NZME, Fairfax to appeal High Court decision upholding blocked merger

Sun, 04 Feb 2018

By Rebecca Howard Feb. 5 (BusinessDesk) - NZME and Fairfax Media Group will appeal a High Court decision upholding their blocked merger and will focus on the issue of plurality. "After careful review and analysis of the High Court's reasons, the companies continue to believe that the NZCC (New Zealand Commerce Commission) was wrong in fact and wrong in law to decline clearance or authorisation of the merger," NZME said in a statement. Last May the Commerce Commission declined to clear or authorise the merger of New Zealand's dominant...

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