Business

Fairfax raids Stuff kitty in lead up to Nine merger

Australia's Fairfax Media Group raided Stuff's kitty ahead of a planned merger with broadcaster Nine Entertainment Co, which doesn't see a home for the New Zealand unit. 

Stuff paid $22.5 million in dividends to its Australian parent in the year ended June 30, and paid another $10 million in September, financial statements lodged with the Companies Office sho

TO READ THE FULL STORY ON NEWSROOM PRO

SUBSCRIBE TO PRO

Subscribe now to start a free trial of Newsroom Pro for 28 days.

View our subscription options

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS