CEO buys ailing Kiwi media giant Stuff for NZ$1
Australian media giant Nine Entertainment acquired stuff.co.nz from its former owner, newspaper group Fairfax Media, in late 2018. – AFP pic, May 25, 2020.
STRUGGLING New Zealand media giant Stuff Limited was sold in a management buyout deal for the symbolic fee of NZ$1 , the group’s Australian owners Nine Entertainment said today. Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand’s most popular news website, stuff.co.nz, and titles such as Wellington’s Dominion Post and the Christchurch Press.
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