Original article by Jake Mitchell, Daniel Palmer
The Australian – Page: 21 : 8-Sep-16

Australian-listed Fairfax Media will have a 41 per cent stake in NZME if a deal to sell its New Zealand media assets to the APN News & Media spin-off proceeds. The proposed deal is worth $A200m in total, including a cash payment of $NZ55m ($A53.5m). It must be approved by shareholders and New Zealand’s competition regulator, which is slated to issue a draft determination in November 2016 and a final decision in March 2017.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NZME LIMITED – ASX NZM, APN NEWS AND MEDIA LIMITED – ASX APN, NEW ZEALAND. COMMERCE COMMISSION, THE RADIO NETWORK, GRABONE