Chief executive Greg Hywood: What does he mean by “the end game ” for Fairfax?
Rejection of the Fairfax-NZME merger has revived speculation about the future of Tv3. In the past, Fairfax was tipped as a possible buyer for the MediaWorks Group, including TV3 (+HR=E) and half the country’s radio stations. Eighteen months ago it made some sense. Fairfax-owns some big newspapers and the Stuff website. Mediaworks owns TV3, but the radio network is much more commercially successful. It has an under-developed digital arm. But the main plus for Fairfax would be there are none of the market dominance issues that bedeviled the NZME deal.
Media industry sources say that the media landscape has changed. Fairfax has bigger fish to fry back home. Does it want really want to hang around and buy into a difficult market in this country?
Advertising has slumped and television ad spend is particularly vulnerable. During merger hearings at the Commerce Commission, Greg Hywood said that rejection of the merger would be “the end game” for Fairfax.
Continue reading “Who Would Buy TV3?”
It might be overly optimistic. But I am hoping NZME and Fairfax might add a spoonful of sugar to make their merger just a tiny bit more palatable. The sweetener would be some competition to remain. Next week, the Commerce Commission is expected to announce its draft decision on the merger. For hundreds of staff the draft will be an indication about the future should two of New Zealand’s biggest media firms be united into one local company.
Continue reading “A Spoonful of Sugar Needed For The Fax-ME Merger”
There is an implausibly little government leadership on how this small country survives in the media revolution. National sees the matter, ignores it and seems to be letting the chips fall where they may.
Labour seems focused on its old touchstones of unions and public service broadcasting advocates. However, it needs to concentrate on the bigger structure of a global battle between NZ companies and international players like Google and Facebook. Labour is at interested in the current media upheavals and the danger for consumers of journalism and local content.
Continue reading “Labour, ComCom And the Monster Media Mash Up”
The following item reads like a situations vacant advertisement, but appeared in the editorial pages of Stuff. It shows Fairfax is looking at in the bold new era at a time just as its parent company works on a a merger of its New Zealand business with NZME. You might think suggests this hyper-local approach will be an aspect of the new local listed company, which has not yet been formed. Australian owners for the two are not addressing the issue publicly.
“Fairfax Media New Zealand is embarking on an exciting new chapter of hyper-local journalism in our communities – and we are looking for great talent. With a key focus on hyper-local journalism and innovative digital storytelling, we are changing the world of journalism. We want clever journalists and newsroom leaders who want to reach out to their communities, and engage and build bigger audiences.”
Fairfax wants reporters, senior Reporters News Directors – Communities and a Chief News Director and despite the changes ahead. According to the Stuff item:
“We are confident about our strategy. We are also passionate about our newsroom teams and our strength and ability to keep delivering the best news and information to our audiences well into the future. Be part of our new journey. If you are forward thinking and want to stretch your boundaries, engage with local communities and have some fun along the way then get in touch,” the item says.
CAPTION: Sinead Boucher, editor-in-chief of Fairfax New Zealand.
It’s business-as usual at NZME and Fairfax amidst planning for a merged Super-media company. Both are advertising numerous jobs with Fairfax vacancies focused on the current push for its community newspapers. http://www.nzme.co.nz/careers/ https://careers.fairfaxmedia.co.nz/nz/search
Continue reading “Job cuts limbo as Fairfax and NZME merge into one Hyper-local strategy seems set in stone“
APN News and Media have confirmed proposals to merge their New Zealand operations into a combined media company. It is planned to go ahead at the end of 2016. If it is goes ahead and is cleared by the Commerce Commission it will mean a virtual monopoly for newspapers, and dominance of the online news sector. A former NZ Herald editor-in-chief, Tim Murphy has said that on past guesstimates the com lined operation would need to retain 2250 or more of the 3000-odd staff . The new entity – jokingly referred to be one Herald wag as F-Me – would have a huge impact on news gathering in this country.
Continue reading “NZME-Fairfax NZ merger confirmed Aiming for media combo at the end of 2016 (updated)“
Upheavals lie ahead in the media sector with a trading halt on APN shares and a suggested merger of New Zealand assets of APN and Fairfax. Such a move would bring a massive change to the landscape for New Zealand media. It might bring together Stuff and nzherald,co.nz. Fairfax New Zealand owns half the country’s newspapers and some magazines. NZME owns the other half of newspapers and half the commercial radio sector. The other half of radio is owned by MediaWorks.
One industry pal I spoke to suggested that one option would be to have Stuff and nzherald.co.nz branded with one offering with more light and bright tabloid stories, and the other offering more serious fare. I’ll leave you to surmise which site would have the former role and which one the latter.
An announcement on the the break off of NZME from APN is expected soon, and it will be clearer whether the Fairfax merger is part of the deal, But the issue is theoretical at this point, since neither party has spelt out plans. But in my opinion such a change would likely diminish consumer choice and further reduce staffing levels. From a competition perspective, print might not be a big issue as apart from the Sunday newspapers, the two companies’ interests are geographically split.
Continue reading “One publisher to rule them all What would happen to competing websites? (Updated)“
A new alliance between TVNZ and Stuff means the two are competing together against NZME. The new online video news service starts on Stuff today (Thursday). The joint venture is said to combine TVNZ video production experience with Stuff’s online distribution network. NZME launched a video news venture recently called Focus recently and NZME has also established WatchMe which includes comedy shows.
Continue reading “TVNZ and Stuff in Joint venture Online video news service starts today“