Tax take and journalism win if merger allowed, say NZME/Fairfax

Fri, 27 Jan 2017

By Paul McBeth Jan. 27 (BusinessDesk) - NZME and Fairfax New Zealand are talking up their credentials as a locally-listed company that pays tax in their latest efforts to win regulatory approval to merge to create a news operation the competition regulator fears will be too dominant. The news organisations say a merger would let them build a "real opportunity" to compete with the likes of online ad giants Google and Facebook, which take about 80 percent of all digital ad revenue, to create a sustainable business that supports local journ...

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