Augusta nets $2.9m for NZME building syndication
Augusta Capital reaped $2.9 million in fees from its biggest property syndication deal on the purchase of the NZME Central complex
Augusta Capital reaped $2.9 million in fees from its biggest property syndication deal on the purchase of the NZME Central complex
NZME says nothing in merger submissions undermine key arguments in favour of its joining up with Fairfax.
Horton Media has urged the Commerce Commission to carve out of Auckland newspapers if the merger go ahead.
It's a momentous day," says NZME chief executive Michael Boggs, just before the bell rang for yesterday's listing of NZME.
NZX chief executive Tim Bennett said he expects trade in NZME's stock to be volatile at first following Brexit market uncertainty.
Chief executive Michael Boggs says there's opportunity for local investors to get involved.
New Zealand media company NZME makes its debut on the NZX today with share trading expected to commence on the "ringing of the bells" at midday.
APN has reached a deal with IRD that will remove tax risk ahead of NZME listing next week.
COMMENT: The Commerce Commission will have its hands full looking at the proposed merger between Sky TV and Vodafone NZ.
NZME and Fairfax NZ believe their planned merger will free up investment for high-quality journalism.
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.
A merger between the New Zealand operations of NZME and Fairfax Media would require Commerce Commission approval, say analysts.
New Zealand Media and Entertainment today announced plans for its print, digital and radio news teams to come together in one integrated 24/7 operation.
Media company NZME. has been announced as one of four National Supporters of the Fifa U-20 Football World Cup which kicks off in New Zealand in May.
Media company NZME. is launching an event management business.