NZME sticks to its guns in bid to buy Stuff for $1

Mon, 11 May 2020

NZME is pressing ahead with plans to fast-track a $1 deal to buy rival Stuff, having blindsided Nine Entertainment Co which thought the deal is off.The rivals have been trying to pool their newspaper empires together for the past four years, but were roundly shot down by the Commerce Commission and the courts for fears that any economic gains would be overshadowed by the loss of voices in New Zealand’s media landscape and the aggregation of soft power held by one entity.NZME today said it’s sought urgent legislation from the governm...

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