Original article by Max Mason
The Australian Financial Review – Page: 16 : 10-May-16

APN News & Media will outline details of a proposal to spin off its New Zealand division at its AGM on 11 May 2016. The listed newspaper, radio broadcasting and outdoor advertising group also intends to undertake a capital raising worth up to $A200m. Meanwhile, Fairfax Media has downplayed speculation that it is also looking at demerging its NZ operations. However, Grant Samuel is said to have been commissioned to advise on a potential merger of the two groups’ NZ businesses. The firm is also advising APN on its demerger and capital raising.

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