APN News & Media shareholders vote to demerge NZ assets
APN News & Media shareholders have voted through a demerger of its New Zealand assets, which will see NZME spun off as a separate business as early as next week.
The move is part of the company’s strategy to focus on its core outdoor and radio businesses Adshel and Australian Radio Network, as it also seeks to sell off the Regional Media newspaper division.
Its assets in New Zealand include the New Zealand Herald and 29 other daily and non-daily newspapers and websites and The Radio Network which includes the Newstalk ZB and Coast radio stations.
