UPDATE: Fairfax committed to minority stake through transition to merged NZ entity

Wed, 10 Aug 2016

(Adds intentions post-NZME merger, digital revenue growth, executive comments) By Pattrick Smellie Aug. 10 (BusinessDesk) - Sydney-based publisher Fairfax Media says it expects to hold a minority shareholding in the merged company it is seeking to create with current rival New Zealand publisher, NZME, and the Fairfax New Zealand assets, at least for as long as the integration process takes. Answering questions from investment analysts following release of the group's annual profit result, managing director Greg Hywood said Fairfax expe...

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