COMMENT: When the all-but-inevitable merger of media companies NZME and Fairfax was announced, journalistic reaction fell into two camps.

Some will see the proposed merger of Fairfax New Zealand and NZME as the beginning of the end of an era for New Zealand media.

COMMENT: The proposed merger between NZME and Fairfax NZ is a further sign that media companies continue to look for viable business models.

COMMENT: NZME has "first mover" advantage when it comes to the shakeup of the New Zealand media industry.

Shares rallied at the start of trading on the ASX after APN successfully raised A$160 million through a rights issue.

COMMENT: Two media giants into one? Changed market makes NZME-Fairfax tie-up a real prospect.

Fairfax Media's New Zealand business is worth just 5 Australian cents to the cmpany's stock price, a brockerage says.

COMMENT: This week, it seems, we are through the looking glass, writes Raybon Kan.

Australia's APN and rival publisher Fairfax say they are in talks to merge their NZ businesses which would create the biggest stand-alone media company.

APN News and Media and Fairfax Media are in "exclusive talks" to fold their local operations - NZME and Fairfax NZ - into a listed NZ media company.

The proposed merger is tipped as building a business with the scale needed to compete with global media platforms.

As APN prepares to announce a potential A$200 million capital raising, speculation around a New Zealand merger with Fairfax continues.

A merger between the New Zealand operations of NZME and Fairfax Media would require Commerce Commission approval, say analysts.

Shares in the Australian parent of Herald publishers NZME are in a trading halt pending the release of an announcement to the market.

COMMENT: Mark Weldon may have been the smartest guy in the room but that's seldom enough.

COMMENT: The life of a CEO can be tough and Weldon's demeanour at the GeoOp meeting clearly showed that the MediaWorks job had got the better of him.

COMMENT: Radio New Zealand may sell some of its property portfolio to replenish its coffers.

Hilary Barry staying on could be the victory the embattled broadcaster MediaWorks needs to ensure a viable future.

Mark Weldon was not a "cultural fit" at MediaWorks, says the company's former head of news and current affairs Mark Jennings.

Mark Weldon's reign of TV3 saw the departure of high-profile journalists, including John Campbell and Hilary Barry.

Mark Weldon's resignation from MediaWorks has triggered harsh reactions on social media.

Outgoing MediaWorks chief made his name as a swimmer but he found greater success in the world of big business.

MediaWorks and America's NBCUniversal International Networks have formed a joint venture to rebrand Channel Four as Bravo New Zealand.

COMMENT: MediaWorks owner Oaktree Capital is more closely overseeing TV3, Four and half the country's commercial radio stations.

Jane Hastings is heading across the ditch to take on the role of chief operating officer for Event Hospitality and Entertainment in Sydney.

COMMENT: It's easy to see the leaking of an official cash rate decision from a Reserve Bank lockup as a one-off mistake by MediaWorks.