News wire article from our research archive:
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INL agrees to sale NZ publishing business to Fairfax
- Article from:
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Xinhua News Agency
- Article date:
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April 14, 2003
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Copyright informationCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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INL agrees to sale NZ publishing business to Fairfax
WELLINGTON, April 14 (Xinhua) -- New Zealand Independent
Newspapers Limited (INL) has agreed to sell its publishing business
in the country to John Fairfax Holdings Limited of Australia for
1.188 billion NZ dollars (about 650 million US dollars).
INL's publishing business in New Zealand includes The Dominion
Post, The Press, The Sunday Star-Times, Sunday News, seven regional
dailies and 61 community publications. It also includes 13 magazine
titles and the Gordon & Gotch distribution business as well as the
Stuff website business and the commercial printing business. However,
the sale excludes the Victorian newspaper, the Geelong ...
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