NZME abandons merger appeal

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AUCKLAND, Wednesday: NZME Limited will not appeal the Court of Appeal’s adverse decision in relation to the proposed merger of NZME and Fairfax Media Limited’s New Zealand subsidiary Stuff Limited.

In a brief statement released only to the NZ Stock Exchange, NZME said: “This brings the merger process to a conclusion.

“NZME continues to focus on its strategic and operational priorities to enhance shareholder value, which include: 

  • Growing audience and engagement
  • Returning advertising revenue to growth
  • Developing talent and people to create outstanding content
  • Maximising the efficiency of operations
  • Growing new revenue streams including the OneRoof platform and paid digital subscriptions on

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