When Stuff’s parent company Nine sold up in a management buyout, the sale price for the whole business was $1. So what does it actually mean when businesses are sold for a buck? When local media giant Stuff was sold earlier this week to CEO Sinead Boucher, one of the biggest talking points was the … Read more
Good morning and welcome to The Bulletin. In today’s edition: How the budget has been received, Auckland light rail on hold, and more media merger shenanigans. So that’s what it looks like when Grant Robertson decides to open the purse strings. The relatively cautious spending of his previous budgets has been replaced by an absolute … Read more
Good morning, and welcome to The Bulletin. In today’s edition: level two is coming but some of the rules have changed, Work and Income could be facing class action suit, and China issues strong warning to NZ over Taiwan. So we got the announcement yesterday – we will be moving to alert level two this … Read more
NZME asked the commerce commission for urgent approval to buy Stuff for $1. Minutes later, Stuff’s owner said it was no longer in talks with NZME. In the space of a chaotic few hours, the long-running courtship between print media giants NZME and Stuff dramatically escalated, as NZME informed the sharemarket that it was seeking … Read more
It’s a more complicated issue than simply whether one company should control the majority of the market, writes regulatory law expert Edward Willis. The closure of Bauer Media’s operations in New Zealand, along with many well-loved magazine titles, is devastating. The broad impact of the closure, coupled with the realisation that Bauer Media’s print media … Read more
The shockingly fast collapse of Bauer presents the government with a momentous choice, says Duncan Greive. Will it save the media industry, or concentrate on its own? This moment was always coming. The long, steady flow of advertising revenue to the tech giants has left the private sector media gaunt, much leaner than is healthy … Read more
The proposed merger of RNZ and TVNZ has one clear international precedent – Irish national broadcaster RTÉ. Michael Andrew asks what New Zealand can learn from the Irish model. There’s a touch of comedy in the idea of a merger between RNZ and TNVZ, almost as if the two organisations were unfamiliar step siblings forced … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Covering Climate Now week begins, hate crimes in focus six months after Christchurch attack, and scale of house flipping laid bare. Over the course of this week, you’re going to see a lot of climate change coverage. The Spinoff will be one of the organisations participating … Read more