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MediaWorks opposes NZME, Fairfax Media merger, calls for divestment

( October 10, 2016, 06:08 GMT | Insight) -- MediaWorks has opposed the prospective merger of NZME and Fairfax Media in its submission to New Zealand's Commerce Commission, saying the merged entity should be required to sell either the Stuff or New Zealand Herald website to obtain regulatory approval, the National Business Review reports. MediaWorks has opposed the prospective merger of NZME and Fairfax Media in its submission to New Zealand's Commerce Commission, saying the merged entity should be required to sell either the Stuff or New Zealand Herald website to obtain regulatory approval, the National Business Review reports. MediaWorks said there would be significantly less competition without the divestment, compounding the already high barriers to entry for new players in the online news market. The deal was cleared by the Overseas Investment Office last month, but still needs Commerce Commission and NZME shareholder approvals to go ahead.     ...

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