Judge says risk to society ‘is a meaningful one’ that would have ramifications for quality of nation’s democracy The high court of New Zealand has rejected a proposed merger between the country’s two largest print media companies, ruling it would have concentrated media ownership to such a degree that it threatened the country’s democracy. 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. Continue reading…
Via: New Zealand: merger of two largest print media companies blocked by high court
Categories: English News