Fairfax Media and NZME merger will not go ahead, High Court rules

Zoe Samios

December 19, 2017 9:17

Fairfax Media and NZME Limited have lost their appeal in the High Court of New Zealand, which declined to authorise or clear the proposed merger of the two companies.

It comes seven months after the initial decision by the New Zealand Commerce Commission, which rejected the proposal on the basis it would greatly reduce competition in the market.

The lost appeal follows an 18 month process

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Zoe Samios

Zoe Samios worked at Mumbrella between 2016 and 2019, finishing up as senior media reporter in March 2019.

Topics

Fairfax Media Fairfax Media NZ Greg Hywood Michael Boggs NZME

1 COMMENTS

Investor 19 Dec 17

Fairfax is the wrong owner of these NZ assets. Hywood is a loser, making a virtue of constant retreat, and is pushing the media brands he runs to the brink. This is a good decision by the nz court and the best outcome is that Fairfax divest to nz shareholders ASAP.

User ID not verified.