Wednesday 3rd October 2012
|Text too small?|
APN News & Media has responded to media speculation regarding the strategic review of the company's New Zealand assets, saying it has "nothing to announce at this stage."
APN issued the notice to the NZX and ASX, following media reports that a buyer had been found for the New Zealand Herald, the daily newspaper for the country's largest city, Auckland, as a result of a strategic review process undertaken by Deutsche Bank since May.
"APN confirms that the strategic review is ongoing, however it has nothing to announce at this stage," the statement said.
APN shares rose 17.8 percent this morning and were quoted on the NZX at 53 cents apiece by early afternoon.
No comments yet
Veteran newsman Rick Neville leaves APN for lobbying role
APN News heading to court over $48M tax dispute with IRD
APN’s NZ shares plunge to record low on board exodus; ahead of ASX trading
APN bosses, independent directors go as Independent News flexes muscle
APN to sell South Island titles, Wellington community newspapers
Independent News installs Connolly, O'Brien nominee, to APN board
APN triples 1H loss as it writes down NZ publishing by A$485M
APN appoints Greenhill Caliburn founder Peter Hunt as new chairman
APN appoints Deutsche Bank for strategic review of NZ assets
APN chairman O'Reilly steps down