NZME should pay no cash if Fairfax media merger allowed, says FNZC

Mon, 20 Nov 2017

By Pattrick Smellie Nov. 20 (BusinessDesk) - NZME should no longer pay Fairfax Media $55 million as part of the proposed merger between the two news publishing groups if the courts clear the way for the union to go ahead, says broking firm First NZ Capital. Announced in September last year, the deal to merge the New Zealand assets of Fairfax with NZME was rejected by the competition regulator, the Commerce Commission, in a decision in May. That decision was challenged in the High Court last month, with a judgment anticipated in the next t...

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