NZME expects shareholder endorsement for latest media merger play

Thu, 12 Dec 2019

Publisher NZME is confident it can make a commercially viable business if allowed to take over the assets of its rival, Stuff, even while guaranteeing journalist numbers and keeping open declining regional newspapers.Asked by journalists whether such a deal could be profitable enough to satisfy its shareholders, NZME chief executive Michael Boggs said: "Absolutely."His comments followed New Zealand First leader Winston Peters announcing his party would support NZME's proposal to make specific editorial commitments under a $1 'Kiwishare', which...

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