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 nzherald.co.nz.
- nzx.com/announcements
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