The Commerce Commission has proposed to decline the NZME/Fairfax merger. Chairman Dr Mark Berry said the merger would result in one media outlet controlling nearly 90% of New Zealand's print media market. This would be the second highest level of print media ownership in the world, behind only China. NZME and Fairfax NZ want to merge their operations and earlier this year applied to the Commerce Commission for authorisation. Fairfax Australia will nominate two directors to the board of NZME, who will be appointed on completion of the merger.

Source: Otago Daily Times November 07, 2016 19:41 UTC