APN News & Media has responded to media speculation regarding the strategic review of the company's New Zealand assets, saying it has "nothing to announce at this stage".
APN issued the notice to the NZX and ASX, following media reports that a buyer had been found for the New Zealand Herald, the daily newspaper for the country's largest city, Auckland, as a result of a strategic review process undertaken by Deutsche Bank since May.
"APN confirms that the strategic review is ongoing, however it has nothing to announce at this stage," the statement said.
APN shares rose 17.8 per cent this morning and were quoted on the NZX at 53 cents apiece by early afternoon.
