NZME Publishing Ltd has signed a conditional agreement to sell the daily Wairarapa Times Age to National Media Ltd, a company owned by Andrew Denholm, the current general manager of the newspaper. Included in the agreement are the Wairarapa Midweek and TA Property papers.
NZME ceo Michael Boggs said returning the paper to local ownership is “immensely pleasing”.
“Andrew is a great guy; he has been the general manager for the past five years and is well established in and respected by the local community. I know the Times-Age is in great hands.”
Denholm says he’s thrilled with the result.
“It is a fantastic for me personally but also the Wairarapa community to have local ownership of these papers. While we will continue to improve the paper it is very much business as usual.”
The deal is expected to be complete by the end of June.
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