Stuff's owner says it will run the New Zealand publishing business itself if it can not attract a suitable buyer. Nine has been looking to sell Stuff since inheriting the business during its A$4 billion (NZ$4.2 billion) merger with former owner Fairfax Media last year. Nine boss Hugh Marks did not rule out Nine deciding to retain the Stuff business as far back as January, when he made it clear nothing was off the table. STUFF Nine has been looking to sell Stuff since inheriting the business during its $4 billion merger with Fairfax Media last year. TVNZ chief executive Kevin Kenrick stoked speculation that the state-owned broadcaster might instead acquire at least the online business of Stuff in February.

Source: Stuff June 06, 2019 23:03 UTC