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13 May 2024

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Teuila Fuatai: The one giant favour social media has done for all of us
OPINION: I applied for a job last week - the first in a while. The decision led to some reflection on changes I'd seen since I entered the workforce. I started as a junior reporter at APN - now NZME, the publisher of the NZ Herald...

ATO chases HT&E for more than A$100M over licensing of former NZ mastheads
The Australian Tax Office wants more than A$100 million from ASX-listed HT&E, formerly APN News & Media, over the licensing of former New Zealand mastheads it bundled into NZME and subsequently delisted

News Corp's Rupert Murdoch cleared to buy Australian APN newspapers
News Corp's buyout of APN's regional Queensland newspapers won't hurt market diversity as readers are turning to online news regardless, according to Australia's competition watchdog.

UPDATE: NZME considering A$156M purchase of local Adshel business
NZME is considering buying Adshel's local business for A$156 million after former parent APN News & Media's buy-out triggered an option for the local media group to buy the assets on the same terms

NZME's maiden result shows stability in 'challenging environment'
Media company NZME, publisher of The New Zealand Herald, has nearly tripled its interim profit to $61 million as a result of its demerger from Australian parent APN News & Media.

UPDATE: NZME first trades at 85 cents after NZ media assets spun off from APN
NZME shares debuted on the NZX at 85 cents, the bid price, after holders dropped their ask price from $1.05 to meet a market questioning the valuation of the New Zealand print media and radio assets spun off from APN News & Media

Update: APN and NZME pay $36.3 million to settle disputed tax avoidance and other cases
Australian publisher APN News & Media and New Zealand-based NZME are to each pay around $18 million to the Inland Revenue Department after reaching a binding heads of agreement to settle an alleged tax avoidance case and other disputed tax issues

APN settles its tax ahead of NZME float
Australian publisher APN News & Media has reached a binding heads of agreement with the Inland Revenue Department to settle its alleged tax avoidance case and other disputed tax issues for $36.3 million.The move comes ahead of its...

NZ Herald owner NZME reports solid EBITDA of $66.2m and full-year profit of $20.9m after split from parent APN
NZME has reported a solid $66.2 million EBITDA and a full-year profit of almost $21 million after its split from Australian parent, APN News and Media.The result is ahead of market expectations, with the company revealing its radio...

Sir John Anderson to retire from NZME board
Sir John Anderson is retiring as the chairman of NZME's board.Anderson, who led NZX-listed NZME through its demerger with APN News & Media, will step down from the board this Friday.He will also step down from the board of T&G...

APN's Adshel takeover triggers NZME option to buy NZ business
APN News & Media's A$268 million buy-out of its Adshel partner has triggered a clause that gives its former NZME subsidiary the right to buy the outdoor advertising unit's New Zealand assets on the same terms

NZME completes demerger from APN
Newly-listed NZME, publisher of the New Zealand Herald, said it has completed its demerger from Australia's APN News & Media.The demerger marks the creation of a standalone company, allowing NZME to focus on operating its New Zealand...

NZME buyers, sellers slow to meet as investors ponder value of print media
NZME shares didn't trade in the first hour after listing at midday as investors questioned the valuation of the New Zealand print media and radio assets spun off from APN News & Media

Business diary: Monday, June 27, 2016
What's happening in the world of business, finance and economics today? We have the latest business, markets, currency and personal finance news, opinion and financial market reports. 1. NZME listing After the APN News & Media...