It’s been quite the week on the media landscape for NZ.
NZME finally has made some good changes at Board level, which will likely see sweeping changes across that business, which are well overdue.
Stuff has sold 50% to Trade Me for an as yet to be disclosed price.
Buts whats not being said, is that Trade Me is actually owned by a Private Equity firm.
Private Equity firms typically buy, build and sell for a profit.
With all the whinging that has been going on about a Board restructure at NZME, particularly from the Left, who having been making unfounded allegations against the likes of shareholder, Jim Grenon, they seem to have lost sight that a Vulture Fund is now the owner of 50% of one of the largest media companies in NZ.
Just how long will it be until the Private Equity owners of Trade Me put the businesses up for sale?
