The process to sell New Zealand news website Stuff will begin in the next few months, according to Nine Entertainment chief executive Hugh Marks, who is working to establish the multibillion-dollar merger between Nine and Stuff owner Fairfax Media.
Mr Marks told The Sydney Morning Herald that there is a "really broad group of companies interested" in purchasing Stuff.
"It doesn’t fit in with the overall strategy so we’re happier to let them grow with another company," Mr Marks said of both Stuff and Fairfax’s regional publications in Australia, including the Canberra Times.
"As part of a large media company, it is really hard to give them the time and investment they need."
Nine, the Australian free-to-air television network, completed a historic takeover of Fairfax Media in December.