Sejuti Mourin
NZ High court rejected a proposed merger of NZME with Fairfax, the two largest print media company of the country. In May the Commerce Commission rejected the plan to merge NZME, which owns the New Zealand Herald as well as a slew of local papers and radio stations, and Fairfax Media, which owns the country’s most popular news website, Stuff, as well as three metropolitan daily newspapers. “On all the evidence before the commission, we consider that it is appropriate to attribute material importance to maintaining media plurality,” said the High Court. The commission said it would have concentrated media ownership in the nation of 4.7 million people to an “unprecedented level” and threatened media plurality. The companies appealed but on Tuesday the high court upheld the ruling.
Source: The Guardian