Fairfax and NZME fight for merger

Original article by Max Mason
The Australian Financial Review – Page: 24 : 6-Feb-18

NZME says an appeal against the High Court of New Zealand’s decision to block a proposed merger with Fairfax NZ will focus on the court’s assessment of the deal’s impact on media plurality. The court upheld the NZ Commerce Commission’s decision in May 2017 to block the deal, although NZME notes that the court found that the merger would have more quantifiable net benefits to the public than had been estimated by the NZCC. Fairfax Media will also challenge the court’s decision.

CORPORATES
NZME LIMITED – ASX NZM, FAIRFAX MEDIA LIMITED – ASX FXJ, FAIRFAX NEW ZEALAND LIMITED, NEW ZEALAND. COMMERCE COMMISSION, HIGH COURT OF NEW ZEALAND

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