MediaWorks puts TV business on the block

Fri, 18 Oct 2019

MediaWorks Investments has given up on television, putting the free-to-air broadcaster and its Auckland head office and studios on the block. The media group has relied on the profitability of its radio business to offset ailing fortunes from the TV arm, and finally waved the white flag and hired an advisor to try to sell the firm. It will work to find a list of potential buyers and start initial discussions, followed by a due diligence process. “We are in a commercial environment and have to face commercial realities. The market that...

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