An Australian investment company has bought the Bauer magazine business on both sides of the Tasman.
Sydney-based Mercury Capital now owns titles including the New Zealand Women's Weekly, Women's Day, The Listener, and North and South.
The German-based Bauer magazine publisher shut its New Zealand operation in April with the loss of 237 jobs.
It said the Covid-19 lockdown had compounded problems of falling advertising revenue and made the business unviable.
Mercury Capital is run by an ex-pat New Zealander, Clark Perkins, and owns the Blue Star printing company in this country.