ASX-listed media company APN, owner of the New Zealand Herald, nzherald.co.nz and several provincial newspapers and radio stations, said it was conducting a strategic review of all its New Zealand media assets and had hired investment bank Deutsche Bank to advise the company on its options.
The company said it had already received some approaches from interested parties.
"In recent months, APN has identified a number of opportunities and at the same time received approaches in relation to potential transactions involving some or all of our New Zealand assets," chief executive Brett Chenoweth said in speech notes for delivery to the company's annual meeting in Sydney.
"We have engaged Deutsche Bank to advise APN on various options available to maximize profitability and value for shareholders," he said.
Chenoweth, in his review of 2011, said the year had been one of "extraordinary challenges".