Australian sources are reporting:
APN and Fairfax mull over kiwi merger
APN News & Media and Fairfax Media are considering a merger of their New Zealand businesses.
APN owns The Herald and Newstalk ZB, Fairfax publishes the Dominion Post and the other Stuff resources.
There is no guarantee of a tie up between Fairfax and APN and any deal would be subject to New Zealand’s competition regulator, the Commerce Commission.
According to RNZ:
Media company in shock trading halt
The Australian Stock Exchange has halted share trading in stock of New Zealand Herald and Newstalk ZB’s parent company APN News & Media.
The exchange said this was pending an announcement due to be made to the market on Wednesday morning. … No other details were available. However media reports in Australia speculate that APN is considering hiving off its New Zealand assets and merging them with the New Zealand assets of Fairfax.
This is bad news for journalism in NZ – there will be fewer outlets concentrated in fewer hands. This is bad news for journalists in NZ – no doubt many of them will lose their jobs in the name of “efficiencies”.
A healthy democracy requires a healthy media, and in NZ both are getting sicker.
Fairfax's SMH now reporting this pretty much as a happening thing..
— Tim Murphy (@tmurphyNZ) May 9, 2016