Stuff stays independent and local in management buyout

Mon, 25 May 2020

National news publisher Stuff is returning to local ownership after 17 years in Australian ownership, in a management buyout priced at just $1 to the company's current New Zealand chief executive, Sinead Boucher.Bought for $1.2 billion in April 2003 from what was then Independent Newspapers Ltd, the newspaper and website publisher with interests spanning the whole country had been owned by Australian publisher Fairfax Media until the Fairfax assets were sold in late 2018 to Sydney-based broadcaster Nine Entertainment, which has been tr...

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