Original article by Jake Mitchell
The Australian – Page: 25 : 18-Apr-16

Australian-listed APN News & Media is believed to be planning to spin off its NZME division in New Zealand as a separately listed company. The group had been considering options such as an IPO or trade sale, but it is said to favour distributing shares in NZME to current stockholders. Andrew McLeod of Morgan Stanley values NZME at between $A134m and $A264m. APN first mooted selling or floating its New Zealand business in 2014.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, NZME, MORGAN STANLEY AUSTRALIA LIMITED, CREDIT SUISSE AG, FIRST NZ CAPITAL EQUITIES LIMITED, FORSYTH BARR LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, ALLAN GRAY AUSTRALIA PTY LTD