No appeal of NZCC decision on Stuff/NZME merger

24 October 2018:

Fairfax Media Limited [ASX:FXJ] (“Fairfax” or “Company”) has today confirmed it will not appeal the New Zealand Court of Appeal’s decision upholding the New Zealand Commerce Commission (“NZCC”) decision not to clear or authorise the proposed merger of Stuff Limited (“Stuff”) and NZME Limited. 

The merger implementation agreement was terminated, as announced on 6 March 2018. 

Stuff remains focused on implementing its strategy – growing digital platforms, expanding via new digital ventures, and optimising print – continuing to serve New Zealand communities.