Cuts to regional papers are likely in the wake of the Commerce Commission decision to turn down a merger between Fairfax Media and NZME.
After a year of lobbying and speculation, on Wednesday the market regulator unanimously declined permission for the media companies to join forces, saying it would concentrate media ownership to an unacceptable level.
Fairfax acting managing director Andrew Boyle said the decision was disappointing and brought into stark reality the need to address what publishing model was sustainable.
“Tough decisions will have to be made in terms on ensuring that ongoing viability,” he said.
from Ellie NZ Rss http://www.stuff.co.nz/business/92172491/Fairfax-may-cut-newspapers-after-merger-with-NZME-denied
from
https://ellieplume83.wordpress.com/2017/05/03/fairfax-may-cut-newspapers-after-merger-with-nzme-denied/
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