UPDATE: NZME considering A$156M purchase of local Adshel business

Tue, 25 Oct 2016

(Recasts and adds comment from NZME CEO, clarifies NZ purchase price in 5th graph) By Paul McBeth Oct. 25 (BusinessDesk) - NZME is considering buying Adshel's local business for A$156 million after former parent APN News & Media's buy-out of the outdoor advertising business triggered an option for the local media group to buy the assets on the same terms. Sydney-based APN today signed a deal to buy the 50 percent of Adshel it didn't already own from Clear Channel Outdoor, giving it control of 22,000 static and digital panels across Au...

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