NZME, Fairfax given one month to plead case

Stakeholders in the merger between NZME and Fairfax NZ will have to wait another month as the New Zealand Commerce Commission defer the decision until mid April.

The decision on the merger was expected to be handed down March 15 but has instead been pushed back to April 11.

The regulator needed more time to properly assess new information it has received following the interim decision it made in November.

The decision comes a day after the resignation of Fairfax NZ managing director Simon Tong resigned from the company.
Earlier this week, NZME and Fairfax sent a joint letter to the commission’s urging the approval of the merger. Mr Tong meet with the commission today.

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