In a draft determination released this morning, the Commerce Commission has proposed to decline the NZME/Fairfax merger. I think the Commerce Commission are still operating somewhere way back in the 20th Century. In particular, the potential loss of plurality has weighed heavily in our draft decision. Act Party leader David Seymour said the Commerce Commission appeared to be stuck in the 1990s. NZME and Fairfax NZ want to merge their operations and earlier this year applied to the Commerce Commission for authorisation.

Source: New Zealand Herald November 07, 2016 19:34 UTC