Renaissance optimistic about NZME
Boutique investor Renaissance Asset Management says the bargain price it paid to increase its stake in NZME doesn’t reflect the potential of its burgeoning digital classified ads business. Between Sept. 3 and 5, the Sydney-based investment firm bought almost 14.7 million shares for A$8.7 million, or about 59.5 Australian cents apiece, to more than double its holding to 12 percent.
TV reset now Curran has gone?
Clare Curran’s resignation gives the Government a timely opportunity to review its options for an industry under intense pressure, writes Mark Jennings. So what next?
MPs concerned about ‘digital harm’ complaint
Politicians have expressed concern about a digital harm complaint laid against Newsroom for its news coverage of Sir Ray Avery.
Allan Gray cuts NZME stake
Australian investment firm Allan Gray has halved its stake in NZME since the local media group reported underwhelming earnings last month, spurring a 22 percent slide in the share price.
MediaRoom: Herald’s new business focus
NZME’s paywall strategy became clearer this week – it is planning to target the big end of town. This week it hired NBR editor Duncan Bridgeman, having earlier poached Chris Keall.
National’s Facebook ad deemed irresponsible
The National Party has pulled a Facebook ad which blamed the Government for a range of increases in the cost of living, after a standards board questioned its truthfulness.
MediaRoom: The $36 million question
NZME reported its financial results for the first half of 2018, with much interest on plans a paywall.
The price of premium Herald journalism
In this week’s MediaRoom column, Tim Murphy looks at what premium NZ Herald content might cost with a new paywall and the write-down of Stuff Ltd by its owner.
Lee urges broadcaster transparency
Melissa Lee’s member’s bill would force funding agencies to publish ratings of the programmes they fund, and could lead to some awkward conversations for TV producers.