NZME owns the New Zealand Herald. Photo: NZ Herald owner NZME has confirmed it is in discussions in relation to a potential acquisition of Stuff. In a note posted to the sharemarket today, NZME said it was in talks with Stuff owner Nine and that it had put a proposal to government regarding a possible transaction. However, NZME noted that the discussions were still in the preliminary stages and the parties were yet to come to a final decision. It is understood that a Kiwishare arrangement could protect regional papers across both Stuff and NZME, thereby lessening the plurality concerns.
Source: Otago Daily Times November 19, 2019 01:41 UTC