Media’s Thelma and Louise strategy

With talks of a merger between NZME (publisher of the Herald) and Fairfax surely they will be considering the name “Ferald” for the new organisation?

Two of New Zealand’s largest media companies have confirmed they are in talks to merge.

The Australian parents Fairfax Media and APN?said on Wednesday they are?in “exclusive discussions to merge their NZ businesses” and list on stock exchanges on both sides of the Tasman.

The New Zealand businesses are Fairfax NZ and NZME respectively.

Between them, they publish Stuff, The?Sunday Star-Times, The Dominion?Post, The Press (Fairfax NZ), and the NZ Herald, Hawke’s Bay Today?and Herald on Sunday (NZME), and other newspapers and magazines.?NZME also operates radio stations including?NewstalkZB and Radio Sport. ??

No discussions have been had on details of the proposed?merger ??staff, brands and premises ??as regulatory approvals are needed before the companies can talk to one another.

But a rough timeline suggests it could be completed by December.

Executives will meet with the?EPMU?union representing staff at both businesses today.

Between them the organisations have over 3000 staff.

The plan needs Commerce Commission authorisation and approval from the Overseas Investment Office.

I think I might create a bingo card with journalists names on it to see which get the arse-card.

This is?good news for those who might be interested in seeing some real competition introduced into?the?market by new players.


– Fairfax