The ComCom has issued a draft determination rejecting the bid by Fairfax and NZME for a merger of the two companies.
The Commerce Commission says a proposed merger of New Zealand’s two biggest media companies will substantially lessen competition and lead to reduced editorial quality.
In draft decision published this morning, the regulator said its preliminary view was to decline to authorise the merger.
The two companies had sought clearance or authorisation to combine their businesses in New Zealand, which include the two biggest news websites stuff.co.nz and nzherald.co.nz.
NZME owns eight daily and two weekly newspapers, 24 community publications, six magazine titles, ten radio stations and 38 websites.
Fairfax operates the largest print media network in New Zealand, featuring nine daily and three weekly newspapers, 61 community publications, ten magazine titles and six websites. Read more »